HSBC Will Lay off 35 Thousand People

HSBC announced in its briefing sent to the employees that it had implemented the layoff plan announced in February but postponed due to the epidemic. HSBC, Britain's largest bank, will turn off 35,000 people. HSBC, which continues its operations in many regions of the world, has announced that the plan for the dismissal of 35 thousand employees has come into force. In the information letter sent to the employees by the bank, it was stated that the plan for the dismissal of 35 thousand people announced in February but suspended for a period due to the coronavirus epidemic was put into practice. In the information note sent by HSBC officials and signed by the bank's CEO Noel Quinn, he said, “We are currently employing 235 thousand people. We plan to reduce it to 200 thousand in the medium term ”.

“We Have Entered a Challenging Period”

Quinn, who pointed out that the layoff plan was delayed for a while due to the coronavirus epidemic last March, said, “Currently many countries have slowed the spread of the virus and are coming out of quarantine. You will see that our profit has decreased in the first quarter. All economic forecasts indicate that we are moving to a rather difficult period. As a result, we will have to press the button to restart layoffs. ”