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

Huge achievements crammed within Duterte's first 117 days goes UNREPORTED

By -
Image
POST FACT. POST TRUTH Wait a minute.... Did you know that we have a leader who .... ... Has visited 14 military camps in just a month, including installations that no sitting president has ever laid eyes before. He also visited military hospitals and has invited wounded soldiers for a dinner get together in Malacanang. He was also able to conduct an actual command conference in Basilan. ... ...Has initiated peace talks with the left with the hope on ending a long standing armed struggle. Established goodwill by freeing prominent leftists leaders. Also pursuing peace talks with muslim secessionists. ...Has managed to negotiate for the release of foreigners held hostage by armed bandits in the south. ... Has handled a terrorist crisis well (Davao bombing) managing to immediately restore normalcy, personally visiting the dead and comforting the injured, and enabled the authorities to immediately track down the perpetrators.  After which, he also managed to direct an a...
Read more

Some hilarious Filipinoisms in English

By -
Image
"Well well well. Look do we have here!" "Let's give them a big hand of applause." "The more the manyer." "It's a no-win-win situation." "Burn the bridge when you get there." "Anulled and void." "Mute and academic." "C'mon let's join us!" "If worse comes to shove." "Are you joking my leg?" "It's not my problem anymore, it's your problem anymore." "What are friends are for?" "You can never can tell." "Been there, been that." "Forget it about it." "Give him the benefit of the daw."
Read more

Leni Robredo misdeclared MERALCO stocks possibly worth 6 million pesos!

By -
Image
Leni Robredo admitted to Mike Enriquez during a radio interview on May 9 that she owned stocks at Meralco. She also admitted that such had a value of 95k pesos in 1995. Robredo did not declare the value of these stocks, and while she declared owning stocks, the value of such is not listed in her SALN as an asset. Now after doing some crowd-sourcing and math, here is what I found out. I could not get the share prices of Meralco stocks in 1995. What I got thanks to Carlos A Jr Cortes is the value in 2000 which is 4 pesos per share. Using this, and this is even conservative since the price in 1995 must have been lower than 4 pesos, then Robredo owned at least 23,750 shares of stocks (95k divided by 4). The current share price of Meralco is 272 pesos per share. If we use this value, then Robredo has at least 6.46 milion pesos (at least 23,750 shares multiplied by 272 pesos per share) of assets which she failed to declare in her SALN. Using the Corona precedent, this is an i...
Read more

To the fascist, sexist, pseudo-intellectuals who seek to silence Mocha Uson...

By -
Image
By working so, so hard just to silence Mocha Uson who shares the very same rights you do, you are becoming the very same thing you claim to hate: a fascist, sexist, pseudo-intellectual who can't even recognize oppression and censorship the way a person can't find his glasses when he's clearly holding it in his hand. You don't like her opinions? Then engage. Reply to her posts, post your own status, correct her errors, and work hard to counter her arguments. But most of all, work on ground. Arouse, mobilize, and organize. Because that's exactly what Mocha is doing outside of Facebook, something that some of you are far too lazy to do yourselves. You say you fight so hard for a functioning democracy, but you can't even acknowledge that part of a functioning democracy is having space for dissent. Shame. ---------------------- Ayrie Ching as posted on Facebook .
Read more