HSBC Holdings is poised to expedite its ongoing restructuring, with plans to announce the first round of layoffs in the coming weeks. According to Michael Roberts, the head of the newly established Global Wholesale Banking unit, the layoffs will focus on senior positions as part of a thoughtfully executed reorganization.
Roberts emphasized the importance of minimizing distractions within the organization, stating that swift action would be taken. The details regarding the number of employees affected by the layoffs will be revealed when HSBC releases its full-year financial report.
