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HSBC STAFF CUTS
CEOs are getting ruthless about worker performanceCorporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volu...- StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
- AI will destroy and create new jobs, urges staff to embrace change: HSBC CEOHSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its...
- Singapore urges financial firms to use AI to create better jobsSingapore's Deputy Prime Minister Gan Kim Yong is encouraging banks and financial companies to leverage artificial intelligence. The focus ...
- HSBC job cuts: CEO shares big update on lay offs possibility, message for employees on AI issueHSBC recently launched a dedicated $4 billion credit facility to support the global expansion of mainland Chinese companies.
- HSBC lays off bankers on bonus day, no payouts givenHSBC has taken drastic cost-cutting measures by firing investment bankers on the day they were expecting their bonuses. The layoffs are par...
- HSBC cutting staff numbers by 900 at China Pinnacle unit, sources sayHSBC is cutting its China digital wealth business Pinnacle by nearly half, reflecting challenges in boosting growth and profitability in th...
- HSBC's payments app closure puts around 400 jobs at risk: ReportHSBC is shutting down its international payments app Zing, which may lead to approximately 400 job losses, as part of CEO Georges Elhedery'...
- HSBC cuts staff bonus pool, lifts CEO Noel Quinn's total payOnce long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. HSBC reported a strong four...
- HSBC resumes cutting around 35,000 jobsThe bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235...
- HSBC unlikely to absorb all RBS staff in India"It was once said in the town hall that HSBC had agreed to absorb the entire RBS staff here," said one of the persons who did not want to b...
- Heard on the Street: Reliance, HSBCStock traders, who were gearing up for a subdued close on Friday, were caught by surprise in the last hour of trading after benchmark indic...
- Credit Suisse shows door to 14 wealth executives from its India wealth management teamPuneet Matta, head of the wealth management team and 13 others, have been asked to leave the company, three people familiar with the move.
- HSBC to slash 30,000 jobs by 2013 to cut costsHSBC is cutting jobs and closing offices to reduce costs by as much as $3.5 billion over the next two years as it tackles wage inflation in...
- HSBC says 1,200 staff face axe in BritainHSBC said on Wednesday it could axe up to 1,200 workers in Britain as Europe's biggest bank strengthened measures to withstand the global f...
- HSBC lays off 193 staff in IndiaHSBC decided to cut jobs in consumer assets biz after it reviewed the portfolio in the backdrop of the prevailing economic conditions. Sala...
- HSBC to cut 500 jobs, Credit Suisse to lay off 650: ReportThe banking sector continues to be hit by mass layoffs with financial service major Credit Suisse and HSBC announcing additional 1,150 job ...
- HSBC cuts British jobsHSBC Holdings PLC, Europe's largest bank by market value, said Monday it is cutting 500 jobs, or just under 1 percent of its work force, in...
- HSBC to cut 450 jobs in Hong Kong amid worsening economyHSBC said that it has cut 450 staff in Hong Kong in anticipation of a deteriorating global economy next year.
- HSBC India asks Investsmart staff to ‘look out for jobs’In an yet another incident of job cuts, HSBC India has laid off employees in the merchant banking and institutional business divisions of I...
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