he Bank of Hong Kong (Stock code: 00011.HK) plans to lay off employees in certain departments with reduction rates ranging from around 10% to 50%.

According to the Chuangjing Finance APP, media reports claim that after distributing bonuses at the end of March, Hang Seng Bank (00011.HK) has unusually conducted a relatively broad layoff operation, which currently mainly involves the strategy and corporate development departments, information technology department, and corporate communications department of the logistics support department, covering from senior to grassroots employees, with reductions ranging from about 10% to 50%. The layoffs are planned to be completed by the end of June.