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HSBC to cut thousands of jobs

72HSBC may cut thousands of job cuts and an announcement is imminent early next week, according to reports by Sky News. The job cuts are part of chief executive Stuart Gulliver’s restructure plan, which may include sale of units in Brazil and Turkey and downsizing of the investment bank. The news reports said an estimated 10,000 to 20,000 jobs will be cut. It is not known which all jobs would be lost.

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