Layoffs Watch '15: HSBC Probably Going To Cut 20,000 Jobs

Or it could be a mere 10,000. The details are still being hammered out.
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The bank will know the exact figure next week, when it is scheduled to tell people to start shipping out.

HSBC Holdings Plc, Europe’s largest bank, will announce a plan next week to cut thousands of jobs, Sky News reported, citing unidentified people close to the matter. Chief Executive Officer Stuart Gulliver will disclose a target when he updates shareholders on the bank’s strategy on June 9, laying out a reduction that will probably affect 10,000 to 20,000 people, according to Sky. The number is still being worked out, it cited one person as saying. Heidi Ashley, a spokeswoman for HSBC in London, declined to comment on the report.

HSBC Preparing Job Cuts That May Target 20,000 Workers, Sky Says