Following the latest global restructuring, London-headquartered HSBC is expected to deliver job cuts for senior roles.
This week, HSBC announced a major overhaul of its global structure, reorganizing the bank into four businesses: Hong Kong; UK; corporate and institutional banking; and international wealth and premier banking.
According to a «Reuters» report citing an internal memo by CEO Georges Elhedery, some senior staff should prepare for job cuts following the restructuring.
«Inevitably some of our colleagues will face redundancies as we streamline duplicative senior roles,» Elhedery said in the memo. «The leadership team will spend more time with you in the coming days to explain these changes in more detail and to give you the opportunity to ask questions.»
