HSBC mulls massive job cuts in AI adoption move

HSBC mulls massive job cuts in AI adoption move

HSBC plans up to 20,000 job cuts, mainly non-client roles, as AI adoption drives cost-cutting and operational simplification.

HSBC Holdings is weighing a wave of deep job cuts over the coming years that could ultimately impact around 20,000 roles, or about 10 per cent of its total workforce, Bloomberg News reported on Thurs… [+1421 chars]