Lates News

There have been reports that HSBC has been laying off employees in various departments since March, including the logistics support department, strategy and corporate development department, information technology department, corporate communications department, and Hang Seng Index Company. It is reported that the layoffs are expected to be completed by the end of June, with a reduction of about 10% to 20% in the departments involved and some departments cutting about half of their employees. In response to media inquiries, an HSBC spokesperson stated that the bank periodically reviews its business portfolio and operations to respond to the rapidly changing market environment and diverse customer needs, and will make appropriate adjustments such as optimizing or innovating new functions, adjusting business structures, and enhancing employee skills to better provide quality service to customers.