HSBC announces over 3,000 job cuts

HSBC has announced to staff that it will shed 3,166 jobs in the UK. This follows hard on the heels of 2,200 job cuts in 2012, and brings the total number of job cuts around the world (in the last two years) to 34,500.

It hopes to be able to move 2,000 of the employees elsewhere in the business, but it leaves over 1,000 staff high and dry.
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