As many as 10,000 employees may be laid off in HSBC Holdings Plc as a part of the cost-reduction drive, a report in the Financial Times said. The report said that the company’s interim Chief Executive Officer Noel Quinn is seeking cost-cutting across the banking group. The HSBC will be reporting its third-quarter results later this month. The report says it may make the announcement at the same time. The report further said that the lay-offs will mainly be from the high-paid roles in the company. #HSBC #NoelQuinn #JobLoss
Dear Readers,
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
