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HSBC Eyes 20,000 Job Cuts as AI Revolution Comes for the Back Office
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HSBC Eyes 20,000 Job Cuts as AI Revolution Comes for the Back Office

HSBC is reportedly considering cutting up to 20,000 jobs, roughly 10% of its workforce, over the next three to five years as CEO Georges Elhedery pushes an aggressive AI-driven overhaul of the bank's middle and back office operations.