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July 5, 2022
Finance Technologies

HSBC France to cut 38% of global banking and markets jobs

HSBC France is seeking to cut 255 of 678 jobs in its French global banking and markets unit by end-2021, according to French news daily, Les Echos. HSBC France is seeking to cut 255 of 678 jobs. This measure forms part of a broader plan to reduce costs. It comes at a time when the group is seeking to sell its private bank in France, which includes some 250 branches and 3,500 to 5,000 employees depending on the scope chosen. HSBC’s France office union said on its website that the departures will take place on a voluntary basis. But if…
HSBC France to cut 38% of global banking and markets jobs

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