HSBC weighs cutting about 10% of workforce

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 percent of its total workforce, Bloomberg News reported on Thursday, citing people familiar with the matter. Hong Kong-listed shares of HSBC fell 2.2 percent in the morning trade. Non-client facing roles in global service centers are among those expected to be most impacted as the bank bets on artificial intelligence (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…