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HSBC: Ultimately, one in five jobs will go

LessThunk: They will all start to follow suit..UK shall reap what it has sown with rampant banker-bashing !

Just days after JPMorgan revealed it would fire another 5,000 by the end
of the year in a “scalpel” headcount reduction, overnight the world’s
favorite drug money laundering bank HSBC unleashed the “machete” and
announced it would cut almost 50,000 workers, or one in five bankers, a
move which would shrink the investment bank division by one-third.

http://www.zerohedge.com/news/2015-06-09/hsbc-fire-50000-one-five-jobs-fund-dividends-shareholders


Categorised as: banking | economy

Posted by: Kramer

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