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This Article is From Jun 17, 2020

HSBC Revives Plan to Cut 35,000 Jobs: Report 

(Bloomberg) -- HSBC Holdings Plc is resuming its plan to cut 35,000 jobs that was put on hold by the coronavirus outbreak, Reuters reported, citing a memo.

The bank will maintain a freeze on almost all external recruitment, Chief Executive Officer Noel Quinn said in the memo, which was sent to the bank's 235,000 staff worldwide, according to Reuters.

©2020 Bloomberg L.P.

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