HSBC Holdings Plc is set to launch a new round of job cuts at its investment bank, starting in Asia as early as Monday, according to sources familiar with the matter. The move is part of CEO Georges Elhedery’s efforts to overhaul the bank and slash costs. While the exact number of employees affected is unknown, the layoffs will ultimately impact staff worldwide.
Source: https://www.bloomberg.com/news/articles/2025-02-14/hsbc-plans-new-round-of-investment-bank-job-cuts-next-week