Business · 2 hours ago
HSBC plans UK wealth job cuts in AI push
mattbuck (category) via Wikimedia Commons (CC BY-SA 3.0)
HSBC intends to eliminate a substantial number of roles within its UK wealth management division, encompassing financial advisers and other specialist personnel. The initiative forms part of a wider plan to incorporate AI, which could see approximately 50% of management and expert positions eliminated. Following a period of consultation, staff whose positions are impacted are anticipated to depart by the close of October.
Reported by live.euronext.com · How we write briefs