HSBC gear up to chop off the jobs in Investment Banking Operations

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare

As a part of the strategic overhaul for the improved profitability, HSBC has decided to cut down the jobs in the investment banking division. According to the given informations, the layoff will begin on Feb 17, 2025 in the Asian region and it will be effective around the globe but the number of employees who will be eliminated from their positions has not yet been revealed officially. This move will aim to broader the effort to streamline the operations and focus on the areas with advantages. With this layoffs, HSBC is preparing to report $1.5 billion in annual cost savings while revealing their full-year results on Feb 19,2025. 

It is believed that this could help the bank to reduce their expenses and balance their competitiveness. Following that, HSBC has planned to concentrate on Asia and the Middle East, & to shut down the M&A (Mergers & Acquisitions), Equity Capital  Markets operations in the UK, Europe and the US. 

Also Read | Employees express frustration as JPMorgan Chase layoffs begin after record profits

WhatsAppWhatsAppFacebookFacebookTwitterTwitterPinterestPinterestRedditRedditGmailGmailShareShare
AddThis Website Tools
Tags: HSBCjobs
Lakshmi sh

Recent Posts

Malaysia Launches AI-Powered MyLabourHub to Bridge Job Skills Gap

The Department of Statistics Malaysia (DOSM) has officially launched MyLabourHub, an AI-enabled platform that will integrate different labour market data…

May 27, 2025

Indonesia Faces Layoff Crisis: 70,000 Jobs Lost, Unions Call for National Strike

Indonesia is currently dealing with a wave of layoffs, with more than 70,000 workers terminated in the first four months…

May 27, 2025

Volvo to Cut 3,000 Jobs as EV Market Slows and Industry Faces Uncertainty

Volvo Cars has revealed its intention to reduce about 3,000 jobs, mostly among white-collar workers, as demand for electric vehicles…

May 27, 2025

UK Launches GBP 3 Billion Skills Plan to Train Workers and Reduce Migrant Dependence

The government of the UK has unveiled a GBP 3 billion training program for 120,000 British workers aimed at reducing…

May 27, 2025

Telangana Becomes First State to Offer INR 1 Cr Accident Insurance for Power Sector Workers

The Telangana government's innovative effort will be etched in history as a landmark day for the welfare of workers as…

May 26, 2025

Who Is Suresh Kumar? The Indian Tech Chief Behind Walmart’s 1,500 Layoffs

Walmart’s announcement of 1,500 technology layoffs has generated a lot of debate, particularly about Chief Technology Officer and Indian-origin, Suresh…

May 26, 2025