HSBC Holdings Plc is reportedly considering significant job cuts. Up to 20,000 roles could be eliminated over several years. This reduction is part of an AI-led overhaul strategy. Non-client facing roles in global service are expected to be most affected. No final decision has been made yet regarding these plans.
https://www.livemint.com/companies/news/hsbc-layoffs-soon-wall-street-giant-may-slash-20-000-roles-amid-ai-led-overhaul-says-report-11773883152084.html