Any former HSBC Canada folk wishing they remained in Canada? My time with RBC since the acquisition has been nothing but misery
Any idea how many people in the US might be affected?
The only thing I've figured is that non-customer-facing roles will get hit hardest, especially compliance and data analysis. Anyone know more?
Any thoughts on the new CEO choice?
I believe it's always better to choose from the inside than to bring somebody from the outside who knows nothing about the company, so that's one positive I see in all of this. I guess we will find out if Georges Elhedery is the right choice soon... — read more
Is it Normal to Reject Applicants who Meet Criteria?
I’m trying to get an understanding of how managers and leaders make decisions in the US. I applied to a few jobs where I match all the requirement and even exceed some and meet or exceed all the preferred requirements. I wasn’t even given an... — read more
Good to see hiring is not subsiding
(that was sarcasm, in case that wasn't clear) https://www.efinancialcareers.com/news/2023/06/hsbc-paris-hiring
We are hiring executives
We are currently hiring a top executive who will deal with crypto. Because that's exactly what we need right now, another overpaid executive while the rest of us are fearing layoffs every day. Not to mention that the whole crypto thing is a joke... — read more
Big Handouts
HSBC will pay some UK staff 1,500 UK pounds to counter cost of living increases... Reuters covers it here: http://reut.rs/3OQgkja
A new round of HSBC layoffs in the US?
Seeing several senior HSBC people in NYC/USA being made redundant…was there a new rif this Spring?
All this time we kept saying HSBC leadership is evil
Now we have proof. If the response to Russia's invasion of Ukraine is not enough proof for you that those on top lack even the semblance of morals and are sociopaths who would stop at nothing if it meant increased profits, I honestly don't know what... — read more
HSBC cuts references to Ukraine ‘war’ from its analyst reports
https://www.theguardian.com/business/2022/mar/28/hsbc-ukraine-war-reports-bank-russia#:~:text=HSBC%20has%20reportedly%20removed%20references,close%20its%20operations%20in%20Russia.
List of HSBC UK branches to close in July
City of London 19 July 2022 Westfield Stratford City 19 July 2022 New Bond Street 19 July 2022 Cambridge, Hills Road 21 July 2022 Moorgate 21 July 2022 Angel Islington 21 July 2022 Gloucester Road 26 July 2022 Monmouth 26 July... — read more
Still no official confirmation
Earnings report is expected to be on Tuesday. If they delay, we'll know something is wrong.
What's going on with HSBC?
Not sure what made me think of this place six years after I left, but here I am. How are things going for everybody?
Please GTFO as soon as possible.
https://www.theguardian.com/business/2021/jul/28/hsbc-faces-questions-over-disclosure-of-alleged-money-laundering-to-monitors
How’s the pivot to China working out for you?
Not well…. https://wolfstreet.com/2021/07/04/hsbc-in-big-trouble-in-its-biggest-market-china/
It’s a wrap!
Good luck with your efforts in communist china…..and good riddance to your presence in the US!
HSBC Encouraging Those I-Bankers Who Can To Leave And The Rest To Just Slack Off
It's good to see them called out for their c-ap... Of course, many of their announced bonuses may prove theoretical, because HSBC still has 24,000 layoffs to implement, and if that call comes before the check, well, the check’s not going to... — read more
Has there been more news on possible layoffs?
Why is there so little talk about it? Should I be worried or not?
HSBC Branches Closing
What are the reasons for the closure of HSBC branches? Is it due to non-profitability? Do the employees get transfers or do they get displaced?
We Just Inherited your "Cybersecurity CTO" over at Wells
We Just Inherited your "Cybersecurity CTO" over at Wells. What's the story?
Chrome
If HSBC doesn't want to support the Chrome browser, they should check the browser in use and tell the user they don't like Chrome- not just hang there in some stupid loop.
HSBC is so screwed.
35000 layoffs is now not enough. And US retail is specifically called out as a market we will exit. I’m such a fool for joining this company last year... — read more
More Layoffs in Works
Aside from the cuts that are happening I am hearing that there will be a large layoff action in September - we'll see what happens but I am not surprised.
Withdrawal limits
HSBC USA introduced withdrawal limits. Beginning of a bank run?
HSBC investing in the west coast is a bad omen
Given HSBC’s history of bad bets, the fact that they’re going to up the investments on the west coast speaks to an overvalued market. This is The kiss of death. Be prepared for dot.com bubble 2.0 to implode soon... — read more
HSBC Outplacement Services?
Does anyone know who HSBC may be utilizing as an outplacement firm to help those affected by the layoffs transition to new opportunities?
Media Coverage - 35,000 Layoffs Announcement by HSBC
Here is what I've got so far... The Guardian HSBC to cut 35,000 jobs worldwide as profits... — read more
Earnings call in 2 hours
Y’all ready? Lots of announcements. All bad Layoff announcements coming.
HSBC Layoffs 2020
What is your opinion about the likelihood of layoffs at HSBC sometimes in 2020? What groups may be affected? Anyone has an idea?
Is there a capable manager here?
Honestly, I'm yet to work at a place with this high level of incompetence and lack of professionalism. And don't get me started on our strategy. Do we even have one? Does anybody here on any management level know how to do their job? At this... — read more
Hire, Exploit, Fire..
That seems to be the main principle for treatment of employees at this company. Given that we’re all aware of the company’s constant pursuit for cheap labor, we shouldn't be surprised that the layoffs are happening, and that they’re not going to... — read more
Morale is at an all-time low
Things have gone from bad to worse here really quickly. Now it's no longer just the low pay that's below industry standards and lousy managers who have no idea how to do their jobs that make our lives difficult. No, now we also have to worry... — read more
Who we “grow “again? ?
https://www.google.com/amp/s/amp.businessinsider.com/hsbc-to-cut-10000-jobs-as-interim-ceo-quinn-makes-his-mark-ft-says-2019-10
Does HSBC really believe the branch strategy will work!
Really???? I get taking a contrarian stance but this is like sears doubling down on the catalogue to fight off e-commerce. What an incredible waste of money and resources.
Any update?
Have heard rumours that there are further layoffs planned for this week or next week e.g. HR having internal meeting rooms booked out in London etc. Anyone heard anything further or have any concrete info.?
HSBC fires employees in India 2019
That's true
HSBC Project Oak
What's Project Oak?
HSBC Hong Kong Layoffs 2019
Where can I find more info?
Project Oak
The cuts are coming mid-June and nobody at HSBC should be surprised. Bloomberg covered this with quite a bit detail, the impact will be mostly on GBM. Guyett is big on cost cutting and that's kind of what he does the best, so more to come here. Do... — read more
HSBC Layoffs 2019
HSBC Layoffs 2019 What's your prediction as it relates to the possibility of HSBC Layoffs in 2019?