HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
"Inevitably some of our colleagues will face redundancies as we streamline duplicative senior roles," CEO Georges Elhedery said.
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- HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure.
- Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.
- HSBC declined to comment when contacted by Business Insider.
HSBC has asked some managers to reapply for their jobs...
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