HSBC reportedly asks middle managers to reapply for jobs

HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the number of senior roles.
HSBC Managers Are Competing to Keep Their Jobs in CEO’s Revamp
HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
HSBC asks hundreds of managers to reapply for jobs in bank revamp, sources say
Bank will start to lay off several hundred managing directors and other senior bankers in coming weeks, sources say. Read more at straitstimes.com.
HSBC Revamp Forces Managers to Reapply for Jobs, Sparks Internal Competition
HSBC Holdings is requiring managers to reapply for their jobs within the newly established corporate and institutional banking division.
HSBC to sack hundreds of managers in shake-up - report
HSBC Holdings has reportedly asked hundreds of managers to reapply for jobs in the firm’s newly-formed corporate and institutional banking division as chief executive Georges Elhedery continues his hunt for ways to make the bank run more efficiently.
HSBC bankers told to reapply for jobs with hundreds facing the axe in major overhaul
Boss Georges Elhedery (pictured) is splitting the firm into four divisions: Hong Kong; UK; corporate and institutional banking; and international wealth and premier banking.
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