LayoffBlog.com

March 2, 2009

HSBC to cut more than 6,000 U.S. jobs

European bank HSBC is shuttering hundreds of branches in the U.S. that specialize in mortgage and consumer lending, and axing thousands of jobs, as it pulls back from its foray into the American housing market.

HSBC said on Monday that it will cut 6,100 jobs in the U.S. and close its HFC and Beneficial bank branches.

Source: CNNMoney

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