Despite both the booming, record-setting stock market and economy, the mood on Wall Street for many is somber. Recently, we have covered the massive downsizing at Deutsche Bank and Citigroup—today, it's HSBC’s turn.
The large global bank announced that it will eliminate more than 4,000 jobs. The employees impacted by the layoffs will include a large percentage of executive-level professionals. Recently, two other European-based banks, Barclays and Societe Generale, have also announced job reductions.
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