HSBC

Under consideration

Banking and finance · Updated
  • Reported: not announced by HSBC
  • Global
  • Period: three to five years (medium-term plan, per Bloomberg News)
  • AI cited by Bloomberg News
  • +4 more reports

Reported: HSBC is weighing cuts of about 20,000 roles, according to Bloomberg News (19 Mar 2026; +4 more reports). No decision has been reported, and HSBC has not confirmed it. Impact on Australian roles not confirmed. Bloomberg News repeated the report on 15 Oct 2026.

Summary

Reported: HSBC is weighing job cuts that could ultimately affect around 20,000 roles, according to Bloomberg News (19 Mar 2026). No decision has been reported, and HSBC has not confirmed it. Impact on Australian roles not confirmed.

Headcount

Australian and worldwide figures are kept separate. We never add reports together or average them.

Australian roles
Not confirmed
Impact on Australian roles not confirmed
Worldwide roles
Under consideration
Figure in the report: about 20,000 roles worldwide, according to Bloomberg News

Location:Global

Departments

Only where a source gives numbers. Teams under 5 roles are grouped as Other.

Breakdown not stated in reports.

Reports

5 reports, newest first. Each figure is what that source said.

  1. Reported: not announced by the organisationBloomberg News (via Yahoo Finance UK)No number
  2. Reported: not announced by the organisationBloomberg Newsabout 20,000 worldwide
  3. Reported: not announced by the organisationReutersNo number
  4. Reported: not announced by the organisationCNANo number
  5. Reported: not announced by the organisationThe Straits Times (Bloomberg)No number

Locations

Global

All HSBC entries →

How we tag sources

Official means the organisation's own announcement or filing, a regulator, a government body or a union. Unofficial means a named media report the organisation hasn't confirmed. Reported means a named source has reported cuts the organisation hasn't announced. A card shows the tag of the source for its figure.

Read our methodology

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