Thread regarding HSBC layoffs

Media Coverage - 35,000 Layoffs Announcement by HSBC

Here is what I've got so far...

The Guardian

  • HSBC to cut 35,000 jobs worldwide as profits plunge


  • HSBC signals mass job cuts as profits plunge

Daily Mail

  • HSBC to cut 35,000 jobs as profits plunge

The Sun

  • HSBC to cut 35,000 jobs over three years as profits fall 33 per cent


  • HSBC Reorganization Slashes 35K Positions, $100B Assets

Seeking Alpha

  • Major overhaul at HSBC results in 35K layoffs


  • HSBC Layoffs 2020: 35,000 To Lose Jobs After 2019 Pre-tax Profit Miss

Times of India

  • HSBC to slash 35,000 jobs, shed assets wor ..

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Post ID: @OP+13zt15V4

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Original Poster - How did you make the separator lines between sections?

Post ID: @1Wloo+13zt15V4

Those layoffs were paused. But now are un-paused.

Post ID: @1Wljv+13zt15V4
- Facing substantial challenges in its key markets, HSBC (NYSE:HSBC) is cutting 35,000 jobs and $100B in assets over the next three years, and will incur $7.2B of costs because of the restructuring.
- "Around 30% of our capital is currently allocated to businesses that are delivering returns below their cost of equity," said interim CEO Noel Quinn, adding that net profit at the bank fell 53% to $5.97B in 2019.
- HSBC will also suspend buybacks for two years (but maintain its dividend) and close around a third of its 224 underperforming U.S. branches.
Post ID: @frl+13zt15V4

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