HSBC Announces 35,000 Job Cuts. U.S. Financial Sector Job Cuts In All Of 2019 Was Only 25,000
February 20, 2020 at 08:15 AM EST
HSBC Group, the London-based investment bank, and financial services firm, announced it would cut 35,000 workers globally over the next three years in an effort to increase revenue and reduce risk-weighted assets by $100 billion.