HSBC

Global
hsbc.com
Diversified Financial Services

Layoff Date:

August 31, 2020

Laid Off Employees:

Laid Off Percent:

15%

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.
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