LDS Freedom Forum

Posted: **February 19th, 2020, 8:47 pm**

is this an indicator of a global economic recession ?

Is HSBC Bank the Barometer?

Posted: **February 19th, 2020, 9:51 pm**

HSBC planned on downsizing in October of last year. This massive cut of jobs is most likely a result of Brexit. Though the bank is based in Hong Kong also, so the coronavirus may have some play at this. I wouldn’t outright blame the virus. The downsizing is planned to happen over the next 3 years, so it isn’t all of a sudden. 35,000 people didn’t just randomly lose their jobs. It’s attrition, not lay-offs.

Posted: **February 20th, 2020, 1:16 am**

TylerDurden wrote: ↑February 19th, 2020, 9:51 pm HSBC planned on downsizing in October of last year. This massive cut of jobs is most likely a result of Brexit. Though the bank is based in Hong Kong also, so the coronavirus may have some play at this. I wouldn’t outright blame the virus. The downsizing is planned to happen over the next 3 years, so it isn’t all of a sudden. 35,000 people didn’t just randomly lose their jobs. It’s attrition, not lay-offs.

I agree. Natural wastage ratherthan redundancies.
Also, Brexit gets the blame for everything these days, especially by the BBC.
Unemployment in the UK is at a record low... despite Brexit.
Job vacancies are at a record high.... despite Brexit.
Foreign investment in the UK is now higher than it's ever been.... despite Brexit.
England reached the semi-final of the World Cup... despite Brexit.

LDS Freedom Forum

Is HSBC Bank the Barometer?

Is HSBC Bank the Barometer?

Re: Is HSBC Bank the Barometer?

Re: Is HSBC Bank the Barometer?