Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Hiring & Firing»HSBC will see 10,000 job cuts
    Hiring & Firing

    HSBC will see 10,000 job cuts

    HRK News BureauBy HRK News BureauDecember 31, 2019Updated:December 31, 20192 Mins Read3933 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    With tensions in the global markets due to many reasons like the Brexit, HSBC is planning to cut close to 10,000 jobs to cut cost.

    These jobs will mostly be from the US division of the bank and some parts of the retail banking operations in France.

    The company is seeing heavy losses in the European region and the banking sector in France is going through a hard time. The bank is struggling with negative interest rates.

    In the US, it is reported that the company might offload people in its west cost branches in cities like Los Angeles, Seattle and San Francisco.

    Cities in east coast are comparatively doing better.

    Though, HSBC is seeing a good business in the Asia region as compared to Europe.

    Noel Quinn, who is currently the interim chief executive of the company is working closely with his chief finance officer to cut cost.

    Earlier the bank saw layoffs in the month August, this was the time when John Flint, the former CEO of HSBC abruptly departed after 18 months.

    It was reported that Flint was having a hard time as the CEO because it was difficult for him to take hard steps to cut cost and axe some jobs in the company.

    Employment HSBC Jobs
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    17 + thirteen =

    Related Posts

    Telstra to cut 550 jobs in latest phase of overhaul

    July 11, 2025

    Internal criticism hits Meta’s AI division amid growing discontent

    July 11, 2025

    NASA to lose over 2,000 senior employees amid budget restructuring

    July 11, 2025

    Boss allegedly targets employee for using ‘open to work’ tag on LinkedIn

    July 11, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How a thumbs-up became a generational minefield

    July 11, 2025

    Why HR must unite hiring and development to survive

    July 10, 2025

    The 5-to-9 Trap: Is Gen Z’s quest for perfect evenings fuelling a new burnout?

    July 9, 2025

    How AI is creating a workforce of the mentally walking dead

    July 8, 2025
    Latest Post

    Telstra to cut 550 jobs in latest phase of overhaul

    News July 11, 2025

    Telstra, the Australian telecommunications provider, has announced plans to reduce its workforce by 550 employees…

    Internal criticism hits Meta’s AI division amid growing discontent

    News July 11, 2025

    Meta’s artificial intelligence ( AI) division is facing fresh internal criticism as concerns about its…

    NASA to lose over 2,000 senior employees amid budget restructuring

    Global HR News July 11, 2025

    In a significant shake-up at the US National Aeronautics and Space Administration (NASA), over 2,100…

    Boss allegedly targets employee for using ‘open to work’ tag on LinkedIn

    News July 11, 2025

    A workplace incident has sparked conversation on Reddit after an Indian employee claimed they were…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.