HSBC is reportedly planning significant job cuts, potentially impacting 10% of its workforce, or around 20,000 employees, over the next three to five years. Chief Executive Georges Elhedery is leveraging Artificial Intelligence to streamline middle and back-office operations, aiming for greater cost efficiency and productivity. Non-client facing roles are expected to be most affected as the bank explores AI-driven changes.<\/p>","protected":false},"excerpt":{"rendered":"
HSBC is reportedly planning significant job cuts, potentially impacting 10% of its workforce, or around 20,000 employees, over the next three to five years. Chief Executive Georges Elhedery is leveraging Artificial Intelligence to streamline middle and back-office operations, aiming for greater cost efficiency and productivity. Non-client facing roles are expected to be most affected as… Read More »AI-led layoffs of up to 20,000 in numbers may be coming to HSBC<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":98343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/98342"}],"collection":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/comments?post=98342"}],"version-history":[{"count":0,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/98342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media\/98343"}],"wp:attachment":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media?parent=98342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/categories?post=98342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/tags?post=98342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}