HSBC to Trim 35000 Jobs & Employ Blockchain, AI

HSBC to Trim 35,000 Jobs & Employ Blockchain, AI

HSBC executive, in an analyst call held on February 18, disclosed the bank’s intention to eliminate 35,000 positions by the end of 2022 and invest additional funds in digital solutions. HSBC aims to trim down the staff count and branches over the next three years, while streamlining the operations by setting aside money for technological advancement.