HSBC to cut 35,000 jobs worldwide as profits plunge
(The Guardian World News)

Bank warns of `meaningful´ job losses in UK and of impact of coronavirus outbreak in AsiaHSBC has said it will slash 35,000 jobs over three years as part of a major shake-up as it issued a warning over the impact of the coronavirus outbreak in Asia.The interim chief executive, Noel Quinn, confirmed on Tuesday that plans to cut $4.5bn (£3.5bn) worth of costs would involve slashing about 15% of the group´s global workforce. `We would expect our headcount to decrease from the current level of 235,000 to be closer to 200,000 in 2022,` Quinn said. Continue reading...