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Noel Quinn

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HSBC to Cut 35,000 Jobs As Profits Plunge 33 Percent
February 19th, 2020 - 06:04 GMT

HSBC to Cut 35,000 Jobs As Profits Plunge 33 Percent

U.K.-based financial group HSBC plans to cut its staff from 235,000 to 200,000 worldwide due to profit losses related to the coronavirus outbreak and protests in Hong Kong, it announced Tuesday. HSBC's performance last year was “resilient” and it decided to revise its plans to boost returns and sustainable growth, Noel Quinn, the group's chief executive, said in the bank’s annual report. "Reported profit attributable to ordinary shareholders down 53% ...
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