In an effort to reduce cost, HSBC bank decides to shed 3,166 UK jobs. The job cuts are mostly from the wealth management division.
At present, HSBC has more than 47,000 employees across the United Kingdom.
“Be it any sector, everyone is here to make profits, and HSBC is not an exception. In every organization, only the best will have the chance,” says a business analyst from Coulson Organisation.
People complain that the bank made them suffer with the job cuts, but the market sources even tell that HSBC plans to fill in new positions and provide opportunities to displaced employees.
Well, let us hope for the best.