Diversified Financial Services

Layoff Date:

August 31, 2020

Laid Off Employees:

Laid Off Percent:


Source: Business Insider
HSBC US wants to leverage upgraded identity verification and onboarding technology — central to its new digital account opening functionality — to grow its mass-affluent consumer checking account product, reports Bank Innovation. The UK-based bank has struggled globally: It has plans to offload business units, cut $4.5 billion in costs, and lay off 15% of its global workforce.
Hiring? Create your free Drafted account
Create you free account to join companies like and Karat who use Drafted to power their referral hiring.
Create Free Account ->
Join over 7,000 readers to get the scoop on layoffs.
Your weekly briefing about layoffs, shutdowns, and department cuts sent to your inbox every Thursday.
Have a tip about an upcoming layoff?
Leave an anonymous tip or list of departing employees👇
Leave a Tip ->
About the Layoff List
The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source.
We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.