Terms of the offer
HSBC Holdings has laid off over two dozen analysts in recent days as part of its ongoing overhaul of its investment banking division. HSBC Holdings Plc has initiated a major restructuring within its corporate and institutional banking division, requiring hundreds of managers to reapply for positions. This move, part of CEO Georges Elhedery's efficiency drive, will lead to job cuts in the coming weeks as the bank aims to reduce costs and streamline operations amidst pressure on profit margins. HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to ... HSBC is preparing to commence job cuts within its investment bank as part of CEO Georges Elhedery's ongoing restructuring efforts.
