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What about the layoffs at HSBC?
On August 3rd, Qi Yaonian, Chief Executive Officer of HSBC Group, said that the number of employees in the group decreased by 4,000 in the first half of the year, including 80 branches in the United States, with the scale reduced by about 60%. He refused to disclose the personnel changes in various regions and the target of layoffs this year.

By the end of last year, HSBC Group had 235,000 full-time employees worldwide, including 40,000 in Britain, 40,000 in India, 3. 1.000 in Chinese mainland and Hongkong, and 28,000 in Chinese mainland. It is understood that the latest round of layoffs is mainly in the United States and Europe, and it is necessary to reorganize business and cut expenses.

In addition, the financial report released by HSBC on Monday showed that the pre-tax profit in the first half of the year decreased by 65% year-on-year to $4.3 billion, and the after-tax profit decreased by 69% to $3 1 billion.

Extended data

Asia still contributes the most profits:

Qi Yaonian, CEO of HSBC, said in a statement: "Our performance in the first half of the year was affected by the COVID-19 epidemic, falling interest rates, increasing geopolitical risks and increasing market volatility. Despite this, the performance of the Asian business is still strong. "

The financial report shows that among the five regional markets of HSBC, Asia is still the largest profit contributor, with losses in Europe, the Middle East and North Africa, while profits in North America and Latin America have fallen sharply.

Phoenix-HSBC laid off 4000 people! The United States closed 80 branches! Profits plummeted by 69%, with a lot of losses.