HSBC plans job cuts across its UK wealth business, the Financial Times reports
Summary
HSBC plans sweeping job cuts across its UK wealth business as part of an AI push, the Financial Times reported, with reductions in roles affecting managers, specialists and financial advisers. The bank is in the middle of a consultation period with staff over the proposed changes.
Latest: HSBC is consulting staff on sweeping job cuts across its UK wealth business, affecting managers, specialists and financial advisers, as part of an AI push, the Financial Times reported.
Written automatically by an AI from the articles' headlines and descriptions. It can contain errors: follow the links to read the articles.
How it unfolded
Wednesday 7 October
HSBC is consulting staff on sweeping job cuts across its UK wealth business, affecting managers, specialists and financial advisers, as part of an AI push, the Financial Times reported.
- 04:32Evening StandardHSBC reportedly planning ‘brutal’ job cuts in UK wealth management arm
- 04:32The IndependentHSBC reportedly planning ‘brutal’ job cuts in UK wealth management arm
- 00:00Financial TimesHSBC plans sweeping job cuts across UK wealth business in AI push