"But while it's good news for employees it isn't necessarily good news for shareholders and a return to higher profitability. The BBC is not responsible for the content of external sites. Joel Hills . Despite the planned job cuts, HSBC said it had set aside £3.3bn in bonuses, down nearly 4% compared with last year. The pandemic has prompted HSBC board to restart its original overhaul strategy while mulling deeper cost cuts. HSBC job cuts videos and latest news articles; GlobalNews.ca your source for the latest news on HSBC job cuts . 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HSBC Holdings Plc abruptly ousted its chief executive officer after just 18 months, citing an “increasingly complex” environment, and announced a new round of job cuts. Quinn was appointed interim CEO when. 17 Jun, 2020 09:22 17 Jun, 2020 13:57. HSBC has resumed plans to cut 35,000 jobs and restructure its business, saying that the coronavirus pandemic has made the overhaul it announced earlier this year even more urgent. The announcements were in response to calls from the Bank of England to restrict bonuses during the pandemic. HSBC cuts dozens of investment banking jobs - source. HSBC will also scrap $100 billion in assets by the end of 2022. The lender first announced the plan in February, but put it on hold amid the coronavirus pandemic. In an effort to boost saving and reduce overall spending, HSBC put forward plans to cut 8,000 of its 48,000 workers in the UK. Hospitality sector warns of 310,000 job losses if 5% VAT rate is ditched Business Live 07:09 14-Jan-21. HSBC, a global banking giant, revealed last year that it planned to cut 35,000 jobs globally. HSBC job cuts Blogs, Comments and Archive News on Economictimes.com Republicans seek delay 'to give Trump fair trial', Chinese miners to remain trapped two more weeks, One year on from the world's first lockdown in Wuhan, .css-1snjdh1-IconContainer{display:none;height:0.875em;width:0.875em;vertical-align:-0.0625em;margin-right:0.25em;}'Only our generation can heal America' Video'Only our generation can heal America', ‘The painful call that helped me break free from my mum’. The strategy overhaul comes as HSBC contends with a growing list of negative headwinds, including. HSBC, which is part-way through a massive overhaul to slash costs and improve … The news came last week from the BBC and was confirmed by the bank. 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