Hang Seng Bank is reported to lay off employees, with reductions in certain departments ranging from approximately 10% to 50%.

According to reports, HSBC has launched a widespread downsizing operation after distributing bonuses in late March. Some departments of HSBC have seen reductions of approximately 10% to 50%, with the downsizing operation expected to be completed by the end of June. It is reported that multiple departments of HSBC have been downsizing since March, mainly affecting support departments and including the strategy and corporate development department. In addition, the downsizing departments also include the information technology department, corporate communication department, and HSBC Index Company. It is reported that even employees in departments not affected by downsizing have to reapply for their positions and compete with internal and external candidates. However, even if applying for positions in their original departments, the job titles may have changed due to restructuring. Currently, HSBC is recruiting for over a hundred positions, and employees can apply for any position they wish.