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Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced – Bitcoin News

Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced – Bitcoin News

Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim CEO Noel Quinn.







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