HSBC is reportedly considering cutting up to 20,000 jobs as part of a multi-year automation overhaul
The UK’s largest bank, HSBC, is considering cutting up to 20,000 jobs over the coming years as part of a major push to integrate artificial intelligence into its operations, Bloomberg reported on Thursday.
The potential reductions would represent approximately 10% of the London-based bank’s global workforce, which stood at around 210,000 employees at the end of 2025. Non-client-facing roles in global service centers are expected to be most impacted, particularly in middle- and back-office functions that could be automated.
The deliberations are…
Read the full article at RT.COM
