Falling morale hits HSBC staff ahead of job cuts

Pedro Gonçalves
clock • 2 min read

Confidence has plummeted amongst HSBC's 237,000 staff as the lender prepares for a strategy review later this month that is expected to cull hundreds of jobs. According to an internal survey reported by Bloomberg, only 4 in every 10 employees in Europe - which excludes the UK business - said they felt confident about the bank's future.  "Confidence in the future has dropped everywhere except in some LatAm markets," said the bank in documents seen by Bloomberg. Across HSBC, there was an ...

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