Biggest mass layoffs of all time

POSTED: 07:06 AM MDT Jul 17, 2014    UPDATED: 08:42 AM MDT Jun 09, 2015 

British bank HSBC will shed 50,000 jobs in the coming years as it slashes costs and sells parts of the bank to focus on Asia. Check out some of the biggest mass layoffs of all time.

HSBC
1 / 12

British bank HSBC will shed 50,000 jobs in the coming years as it slashes costs and sells parts of the bank to focus on Asia. The changes are part of a major restructuring plan that is designed to save the bank $5 billion annually by 2017.

Comments

The views expressed are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the Terms Of Service and the comment you are posting is in compliance with such terms. 
blog comments powered by Disqus
Advertisement

Most Viewed News