News: 2024.04.17
According to people familiar with the matter, Reuters reported that as trading activity in Asia continues to be sluggish, HSBC plans to cut another 20 investment banking positions, which will bring the total number of layoffs this week to 30. This initiative is designed to respond to the challenges of the current market environment and adjust the business structure to improve efficiency.
The report pointed out that HSBC will focus on the Asian market as trading activities in the region continue to be sluggish, causing banking business to be affected. The cuts in investment banking jobs are in response to this challenge and to ensure the bank can remain competitive in a highly competitive market.
The cuts of 20 investment banking positions are part of HSBC's restructuring of its business, which will help improve efficiency and reduce costs. The banks said they will work to ensure the layoff process is fair and reasonable and provide necessary support and assistance to affected employees.
HSBC stated that they will continue to pay close attention to changes in the market environment and adjust business strategies as necessary. The bank will be committed to providing high-quality financial services and ensuring that customer interests are protected to the greatest extent.
Overall, HSBC's layoffs are in response to market challenges and to ensure the bank can continue to operate in a highly competitive environment. The bank will continue to strive to improve efficiency, provide quality financial services, and protect customer interests.