An executive shuffle and a layoff of thousands of staff members are underway at HSBC Holdings plc as volatile market conditions have compelled the firm to rein in spending while searching for a way forward. Over the past week, the bank announced that John Flint, group CEO and a board director, will be stepping down… Read More >>
SocGen to Lay Off 1,600 After Revamping Businesses
French banking giant Societe Generale is making “strategic adjustments” among key business lines and has set in motion changes that will likely result in a layoff of 1,600 positions globally. At the same time, the firm wants to jolt operational efficiency and wants “dedicated operations and IT entities” to hasten their digital transformation according to… Read More >>
