HSBC to lay off 30,000 over ten years

By -

Banking giant HSBC faces challenge of keeping morale up among staff as shareholders cheers strategy that may involve reducing the workforce by 30,000 over the next ten years.

Also at stake are "survivors" of this purge who may go on to suffer "survivor's guilt" syndrome.

More here:
http://management.fortune.cnn.com/2011/08/02/hsbc_30000_layoffs_survivors_guilt/

Comments

Post a Comment

Popular this week

Leni Robredo has become a sad mechanical puppet and an embarrassment to Filipinos

By -
Image
Guess who has taken over Leila de Lima’s place on the anti-Duterte international speaking circuit? Watch this video that Leni Robredo made for an international NGO event in Vienna tomorrow. Warning: this will REALLY make your blood boil. If you have vertigo, sit down and take a deep breath before watching. You know what’s really sickening about this video? It’s not even the lies and exaggerations that Robredo is saying about what’s going on in the Philippines and how Pinoys feel about it (as if she’s in any position to speak for the Filipino people, who mostly hate her guts). It’s the hollowness and emptiness of the way she mechanically reads from a script that obviously someone else wrote. She’s making huge claims about thousands of people being summarily killed by police, but her eyes and voice are absolutely empty of emotion or conviction. She’s just a puppet playing a role, who doesn’t even understand what she’s doing or saying, she’s just mindlessly following her owner’
Read more

Reporters Karen Lema and Manuel Mogato of @Reuters LIED about the Duterte "Hitler" quote

By -
Image
The oh-so-noble journalists are at it again, this time, with Duterte’s Hitler comment. I am no Duterte fanatic. I criticize him more scathingly than anyone when his mouth is out of line. But this time, Duterte really didn’t say anything wrong. The real culprits behind the fuss over his Hitler comment are Karen Lema and Manuel Mogato, two Filipino reporters of the Reuters news agency, who wrote this article: “ Philippines’ Duterte likens himself to Hitler, wants to kill millions of drug addicts ”. Lema and Mogato are Filipinos. There’s no way they could have misunderstood what Duterte really meant in his speech. I watched the video and this is what the President said: “Hitler massacred 3 million Jews. There are 3 million drug addicts. I’d be happy to slaughter them. At least, if Germany had Hitler, the Philippines would have ….. my victims, all criminals, to finish a problem of my country, and save the next generation.” (See for yourself here . The Hitler part is at 14:40.
Read more

An open letter to CNN on their reporting on the #YolandaPH disaster in the Philippines

By -
Image
This "open letter" was found making the rounds on social media: * * * Dear Sirs: I just wanted to make some comments on the reporting of the CNN International crew here in Manila, regarding the relief efforts for the victims of super-typhoon Haiyan (which we locally call typhoon Yolanda). First, full disclosure: I am a retired Filipino executive and computer person. I was born in the Philippines and spent all my life here (save for some very short overseas stints connected with my career). I have worked with a large local Philippine utility, started up several entrepreneurial offshore software service companies (when outsourcing was not yet in vogue), and also served as the Philippine country head for a multi-billion dollar Japanese computer company. This diverse work background allows me to always see both the local and global point of view, and to see things from the very different standpoints of a third-world citizen, and a person familiar with first-world mind
Read more

Victims of drug-crazed addicts don't get 'trending' hashtags like #JusticeForKian

By -
Image
For the past few days I was doing research on a few things like I said. A new FB friend sent me a message telling me about a Dad in Dumaguete who lost his only daughter to a drug crazed addict who used 7 knives to stab her and a friend in Siquijor last April. I did the research, read up on everything and his recent "upheavals". I need not tell you all that I have no words to fully express how deeply this affects me because I am a single mom with a daughter too. His only daughter was even 3 - 4 months pregnant when she and her friend was mercilessly stabbed to death so many times by a drug addict. Nino Pinero is a professor in Siliman University. He is a coach. Given what I have read about this gentleman, he is a very compassionate man, a loving father and being a coach to youngsters - deeply loved by his students. And I would like to give him his privacy in as much as I can. 100% respect for this man. His recent "upheavals" came with the pronouncements
Read more