$HSBC HOLDINGS(00005.HK) Share a piece of news:
According to insiders, as HSBC Holdings' new CEO Noel Quinn continues his reforms, Europe's largest bank will initiate a new round of layoffs in its investment banking division. The latest wave of layoffs will start in Asia but will eventually affect employees globally. It is still unclear how many people will be impacted.
They also said that the company's market division has already undergone some layoffs, but broader layoffs across the entire investment banking division could begin as early as next Monday. One insider mentioned that this wave of layoffs will last for weeks or even months, with criteria based on employee performance and the elimination of redundant work or business simplification.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
