HSBC to axe up to 10,000 jobs
'Hard modelling'
HSBC could see up to 10,000 job losses in its latest cost-cutting efforts under new interim chief executive Noel Quinn.
The plans are thought to be HSBC's largest cost-cutting exercise in years, according to the FT, with 238,000 people currently employed by the bank. The job cuts would be in addition to the 4,700 redundancies...
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