HSBC mulls massive job cuts in AI adoption move

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 Thursday, citing people familiar with the matter. Hong Kong-listed shares of ?HSBC fell 2.2 per cent in the morning trade. Non-client facing roles in global service centres ?are among those expected to be most ?impacted ?as the bank bets on AI, although ?the assessment is at an early stage, the report said, adding that the review is at an early stage ?and no final decisions ?have…