London, November 19: UK-based슬롯 머신 사이트 추천HSBC Holdings Inc. has reportedly asked hundreds of슬롯 머신 사이트 추천its managers슬롯 머신 사이트 추천to reapply for the positions슬롯 머신 사이트 추천as the financial firm plans to restructure and cut costs. The reports said that soon, HSBC layoffs will be announced, and hundreds of these people would lose슬롯 머신 사이트 추천their jobs. Hongkong and Shanghai Banking Corporation Limited is one of the world's leading financial service companies슬롯 머신 사이트 추천that offers its customers including common people and businesses a wide range of services.슬롯 머신 사이트 추천

HSBC reportedly asked its managers to reapply to the newly formed "corporate and institutional banking division" as 슬롯 머신 사이트 추천CEO슬롯 머신 사이트 추천Georges Elhedery plans to run the슬롯 머신 사이트 추천bank's operations more efficiently. The슬롯 머신 사이트 추천reports said슬롯 머신 사이트 추천that the슬롯 머신 사이트 추천financial firm started interviewing for슬롯 머신 사이트 추천various positions, which resulted in the staff competing with each other for the CIB division.슬롯 머신 사이트 추천Associated Press Layoffs: New York-Based News Agency Announces 8% Reduction of Its Staff To Adopt 슬롯사이트˜Digital-First슬롯사이트� Approach, Cater Customers슬롯사이트� Needs.

The reports hinted that the merged division would lead to layoffs affecting hundreds of jobs in the슬롯 머신 사이트 추천coming weeks.슬롯 머신 사이트 추천The financial company is said to have already started involving senior staff from its commercial슬롯 머신 사이트 추천banking business and other슬롯 머신 사이트 추천candidates from the global banking and슬롯 머신 사이트 추천market units. While HSBC layoffs loom, the슬롯 머신 사이트 추천reports pointed out that the "general manager" titles슬롯 머신 사이트 추천would likely be phased out and replaced with "managing directors" at the firm.슬롯 머신 사이트 추천

HSBC's total employees are around 2,20,000, according to the official website. Regarding슬롯 머신 사이트 추천the potential HSBC layoffs, the company슬롯 머신 사이트 추천did not comment.슬롯 머신 사이트 추천The newly appointed HSBC CEO, Georges Elhedery, introduced the combined plan. He started heading the operations of this global financial firm in October 2024.슬롯 머신 사이트 추천Boeing Layoffs: US-Based Aviation Giant Confirms Laying Off 2,199 Employees in Washington State Amid Its Plan To Reduce 10% Workforce Affecting 17,000 Employees.

After Elhedery's appointment, the슬롯 머신 사이트 추천biggest change was to simplify the슬롯 머신 사이트 추천company's operations globally and to include the creation of a new international wealth and premier banking unit. He슬롯 머신 사이트 추천said the cost would be saved by becoming a simpler, leaner and more efficient bank.슬롯 머신 사이트 추천The London-based banking corporation posted a 10% increase in profit in October 2024 to USD 8.5 billion. HSBC CEO슬롯 머신 사이트 추천Georges Elhedery said that "unfortunately", some of the슬롯 머신 사이트 추천colleagues would face redundancies as the company streamlined its "duplicative senior roles."

(The above story first appeared on LatestLY on Nov 19, 2024 05:20 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).