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As part of its major restructuring, HSBC will be reengineering operations and eliminating 12,000 to 13,000 staff members.
HSBC will be cutting up to 13,000 operations positions as part of its massive effort to cut 50,000 employees in a major overhaul of its businesses, which bank officials detailed this week in a presentation for investors and analysts. About half, or 25,000 positions will be eliminated because of business decisions by the bank and...
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