trending Market Intelligence /marketintelligence/en/news-insights/trending/V9hy8mndHwEYsrf5puanRw2 content esgSubNav
In This List

HSBC to cut jobs in Middle East, North Africa, Turkey

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.

Blog

Banking Essentials Newsletter: 17th April Edition


HSBC to cut jobs in Middle East, North Africa, Turkey

HSBC Holdings PLC will ax hundreds of jobs in the Middle East, North Africa and Turkey, starting November, as part of its cost reduction program, Bloomberg News reported, citing people with knowledge of the bank's plans.

The U.K.-based bank was cutting costs, and was likely to reduce up to 10,000 jobs across the company.

The bank might target its global banking and markets and commercial banking units in the cuts, the Oct. 25 report noted.