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 laid off, their work just gets distributed among the rest of us. I would really like to see my family while they are awake from time to time!
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2 years later this behavior still continues with the bank. Recent round of layoffs has transferred burden of work to colleagues still remaining. Staff step it up because they need the income but are paying a huge personal cost to their health and well-being. HSBC promotes work-life balance publicly and even hosts internal seminars but their actions/expectations don’t align with what they preach. I and many colleagues are working 70-85 hours a week in order to meet the demands. Untenable.
The company will continue to chop people from the workforce as long as the remaining workers continue to step it up and get the job done. It matters not to the management that you are working 60+ hours per week and are losing touch with your family. At some point you will break down and they will just shovel your workload onto some other overburdened slug. So in a way, the workforce enables this behavior. Here's a hint: do NOT take on any extra work. It will only delay the inevitable and will break you in the process. If they terminate you for not succumbing to their abuse, count your blessings.