HSBC Layoffs

Topics regarding layoffs at HSBC

HSBC Layoffs 2020

What is your opinion about the likelihood of layoffs at HSBC sometimes in 2020? What groups may be affected? Anyone has an idea?

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Post ID: @126WSH1o

Is there a capable manager here?

Honestly, I'm yet to work at a place with this high level of incompetence and lack of professionalism. And don't get me started on our strategy. Do we even have one? Does anybody here on any management level know how to do their job? At this... —  read more 

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| 618 views | |
Post ID: @11wAExCW

Hire, Exploit, Fire..

That seems to be the main principle for treatment of employees at this company. Given that we’re all aware of the company’s constant pursuit for cheap labor, we shouldn't be surprised that the layoffs are happening, and that they’re not going to... —  read more 

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| 598 views | |
Post ID: @11vAELkm

Morale is at an all-time low

Things have gone from bad to worse here really quickly. Now it's no longer just the low pay that's below industry standards and lousy managers who have no idea how to do their jobs that make our lives difficult. No, now we also have to worry... —  read more 

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Post ID: @11ukyIam

Who we “grow “again? ?

https://www.google.com/amp/s/amp.businessinsider.com/hsbc-to-cut-10000-jobs-as-interim-ceo-quinn-makes-his-mark-ft-says-2019-10

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Post ID: @11pAVCin

Any update?

Have heard rumours that there are further layoffs planned for this week or next week e.g. HR having internal meeting rooms booked out in London etc. Anyone heard anything further or have any concrete info.?

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Post ID: @116OQlzM

Project Oak

The cuts are coming mid-June and nobody at HSBC should be surprised. Bloomberg covered this with quite a bit detail, the impact will be mostly on GBM. Guyett is big on cost cutting and that's kind of what he does the best, so more to come here. Do... —  read more 

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Post ID: @Zo2ZHQW

HSBC Layoffs 2019

HSBC Layoffs 2019 What's your prediction as it relates to the possibility of HSBC Layoffs in 2019? —  read more 

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Post ID: @VTy9TnD

Sink or swim

This is not a bad company to work for, but neither is it one of the best. HSBC does provide adequate training in all aspects of the industry - just not for the position you are hired for. You are pretty much left on your own to be self taught or hope... —  read more 

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Post ID: @RnNPn5J

Stay away

HSBC can be a great beginning to kickstart your career but give it a year or two at the most - and move on! This company has proven time and again that career development and growth do not exist here. I have witnessed management give promotions to... —  read more 

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Post ID: @RdZg0Zi

If HSBC can get cheaper peons, they will

There's nothing we can do to change this. There will always be people in other countries who are willing to work for much less, and HSBC will turn to them when they want to cut costs. No matter how bad they can be and how good we are - it's not... —  read more 

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Post ID: @OjuaxpL

We need more, not fewer workers

I don’t understand why HSBC keeps laying off people, when we have more work than we can handle as it is. There is absolutely no life/work balance, we are expected to work unreasonably long hours to make sure everything gets done. And as people get... —  read more 

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Post ID: @Og5XfJZ

Shares soar high

The share prices of HSBC have never been this high, thanks to Hong Kong traders. Not sure how this will translate to future layoffs (it can cut both ways,) but it certainly bodes well for the company itself... —  read more 

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Post ID: @OgSDj70

Layoffs constantly loom over us

I am really sorry for the folks in Brandon who are losing their jobs, but this is nothing new at HSBC. They only make the news when they do a clustered round of layoffs, but they have been letting go of people constantly in the past few years. They... —  read more 

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Post ID: @Og4ozpv

Do not stay too long here

HSBC is a great place to spend a few years at but it's hard to work there - the deadlines can be really tough on the IT side and there are many egos and people who are really full of sh-- - they will work you a lot and you will be stressed out but... —  read more 

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Post ID: @J9junA1

What's there not to love?

Yearly layoffs, and always handled very poorly. Super slow moving, red tape everywhere, wait, wait, wait, layoff... Finally, no any room for advancement in middle level unless you are already a senior manager. What's there not to love? —  read more 

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Post ID: @HryM5c4

Guided Percentages

Forced distribution (helpfully rebranded "guided percentages") and stack ranking is poisonous and makes it difficult to build talented teams and impossible to keep them together.

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Post ID: @HqHQHZl

Sheffield

Dreadful low morale, period. Significant amount of "peacocking" by most middle/senior managers, period. No recognition or development time for technical professional development, period. Destroys WLB at most opportunities by ignoring when you're... —  read more 

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| 1655 views | |
Post ID: @HqNJpVN

2016 Redundancies in UK

From Fortune Magazine this week: The restructuring will eliminate one-fifth of jobs globally and around a sixth of jobs in Britain. HSBC, Europe’s largest bank, was to begin laying off 850 information technology workers in Britain on Monday, the... —  read more 

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Post ID: @HqvyrO4

2000 to be laid off by HSBC in Commercial Banking

Savings target - 5 billion USD. To get there we'll have to have massive redundancies, up to 50,000 people will be laid off. What we know so far is that approximately 2000 people will be laid off in Commercial Banking, granted there is a ton of people... —  read more 

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Post ID: @EC71gPs

2015 Redundancies Looming

That's what I heard, I heard that next 6 months will be very difficult as we'll be letting people go

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Post ID: @AwC61uL

HSBC Layoffs 2014

I know there is a lot of rumors about HSBC laying off thousands in 2014. Just look around the industry and you'll see pretty much EVERY SINGLE COMPETITOR doing the same thing - so, chill and do your work, there is nothing we can do about this.

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Post ID: @vp2D6YW

HSBC will be downsizing in 2014

We'll continue to cut, at least here in US. Look at what's happening with all other banks and you'll be able to predict what's going to happen with HSBC. I am not predicting doom, however HSBC moves sometimes slower than our peers and since everyone... —  read more 

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| 1456 views | |
Post ID: @umCpadT

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