HSBC Layoffs

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Topics regarding layoffs at HSBC

Sink or swim

This is not a bad company to work for, but neither is it one of the best. HSBC does provide adequate training in all aspects of the industry - just not for the position you are hired for. You are pretty much left on your own to be self taught or hope... read more
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Stay away

HSBC can be a great beginning to kickstart your career but give it a year or two at the most - and move on! This company has proven time and again that career development and growth do not exist here. I have witnessed management give promotions to... read more
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143 views | no replies

HSBC Mortgage Layoffs - 197 positions in Brandon, Florida

More mortgage industry layoffs, things are accelerating and it's not looking good for 2018.... See below: A review of state employment data indicates that several real estate finance firms have recently made, or are planning to conduct, rounds of... read more
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495 views | no replies

Anybody else thinks majority of these are long obsolete?

I ran into this article listing 16 reasons HSBC is the best place to work, and while I can't find the date it was posted, it feels utterly outdated. Most of them used to be true once upon a time, but lately, majority are a thing of the past... read more
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577 views | no replies

If HSBC can get cheaper peons, they will

There's nothing we can do to change this. There will always be people in other countries who are willing to work for much less, and HSBC will turn to them when they want to cut costs. No matter how bad they can be and how good we are - it's not... read more
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541 views | 1 reply ()

We need more, not fewer workers

I don’t understand why HSBC keeps laying off people, when we have more work than we can handle as it is. There is absolutely no life/work balance, we are expected to work unreasonably long hours to make sure everything gets done. And as people get... read more
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620 views | 1 reply ()

Shares soar high

The share prices of HSBC have never been this high, thanks to Hong Kong traders. Not sure how this will translate to future layoffs (it can cut both ways,) but it certainly bodes well for the company itself... read more
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524 views | 1 reply ()

Layoffs constantly loom over us

I am really sorry for the folks in Brandon who are losing their jobs, but this is nothing new at HSBC. They only make the news when they do a clustered round of layoffs, but they have been letting go of people constantly in the past few years. They... read more
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544 views | no replies

Brandon, Florida Layoffs - 200 people... about 70 remaining...

This is on the mortgage side. More layoffs to come. Also, as things are moving on the net, more people do internet banking and less offices and branches are needed. This will result in many branches to be closed, it'll be a bloodbath in years to... read more
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537 views | no replies

Brandon FL

WARN filed, 197 cut.
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531 views | no replies

Do not stay too long here

HSBC is a great place to spend a few years at but it's hard to work there - the deadlines can be really tough on the IT side and there are many egos and people who are really full of sh-- - they will work you a lot and you will be stressed out but... read more
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1165 views | 2 replies (last )

What's there not to love?

Yearly layoffs, and always handled very poorly. Super slow moving, red tape everywhere, wait, wait, wait, layoff... Finally, no any room for advancement in middle level unless you are already a senior manager. What's there not to love?
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809 views | no replies

Guided Percentages

Forced distribution (helpfully rebranded "guided percentages") and stack ranking is poisonous and makes it difficult to build talented teams and impossible to keep them together.
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786 views | 1 reply ()

Sheffield

Dreadful low morale, period. Significant amount of "peacocking" by most middle/senior managers, period. No recognition or development time for technical professional development, period. Destroys WLB at most opportunities by ignoring when you're... read more
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921 views | 2 replies (last )

2016 Redundancies in UK

From Fortune Magazine this week: The restructuring will eliminate one-fifth of jobs globally and around a sixth of jobs in Britain. HSBC, Europe’s largest bank, was to begin laying off 850 information technology workers in Britain on Monday, the... read more
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1095 views | no replies

2000 to be laid off by HSBC in Commercial Banking

Savings target - 5 billion USD. To get there we'll have to have massive redundancies, up to 50,000 people will be laid off. What we know so far is that approximately 2000 people will be laid off in Commercial Banking, granted there is a ton of people... read more
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941 views | no replies

2015 Redundancies Looming

That's what I heard, I heard that next 6 months will be very difficult as we'll be letting people go
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735 views | 1 reply ()

HSBC Layoffs 2014

I know there is a lot of rumors about HSBC laying off thousands in 2014. Just look around the industry and you'll see pretty much EVERY SINGLE COMPETITOR doing the same thing - so, chill and do your work, there is nothing we can do about this.
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764 views | no replies

HSBC will be downsizing in 2014

We'll continue to cut, at least here in US. Look at what's happening with all other banks and you'll be able to predict what's going to happen with HSBC. I am not predicting doom, however HSBC moves sometimes slower than our peers and since everyone... read more
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810 views | no replies

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