Categories
Business

HSBC plans to cut around 35,000 jobs amid the coronavirus pandemic

HSBC is resuming a redundancy plan it put on ice after the coronavirus outbreak, and will cut around 35,000 jobs over the medium term, a memo on Wednesday revealed. The bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo, which was sent to HSBC’s 235,000 […]