World Economy

HSBC Slashes 1,000 Jobs

HSBC Slashes 1,000 JobsHSBC Slashes 1,000 Jobs

Layoffs by HSBC bank in Brazil will likely top 1,000 this week, the workers’ union said, after employees staged angry protests against job cuts by the London-based firm, AFP reported. HSBC slashed 4.5 percent of its workforce across the South American giant, according the Contraf-CUT bank workers’ union.