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

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

Duterte BPI bank scandal a trap set for Trillanes?

By -
Image
There are now papers floating around that the BPI account in Julia Vargas has a running balance of around Php22,000xx from March 2015 to March 2016. It's peanuts, and Trillanes makes a big fuzz about it? Sonamagan, even call center agents would have this kind of bank accounts; definitely does not show a corrupt DU30. And then, Trillanes talks of 42 real estate properties, but mostly owned by the children of DU30. Yet, the first one that media checks is a unit in P Guevarra, which is only valued at 2.3 million. Even ordinary employees could buy such unit. That could hardly buy just the main door, an imported antique, in the house of Binay, which has been valued at 15 million, yes just the freaking door by itself. What is this, they are again using trial by publicity, which they effectively used on CJ Corona whom they accused him of having 80 properties. In the end, it comes out Corona had only four properties, three of which was purchased for investment purposes only. I don'...
Read more

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

Did former President Fidel Ramos order Duterte to work with Leni Robredo?

By -
Image
President Duterte offering Leni Robredo the housing appointment feels forced, both by FVR and the Yellow people. I find it exceedingly worrisome that Duterte said he takes his orders from FVR.  That is NOT a good sign, believe me.  Remember it was FVR who told Duterte that he and the immorally proclaimed VP ought to work together. If you think about FVR's known history and track record, that would just be a hint of why this alliance is a very problematic one for the nation.  Moreover, even if President Duterte gave Robredo a Cabinet post, that still doesn't erase the reality of massive ELECTORAL FRAUD that got her her immoral proclamation.  Millions of Filipinos don't believe she is the rightful VP and having successfully pressured Duterte to offer her a Cabinet post will not change that reality. ------------------- Victoria V. Ferro as posted on Facebook: https://m.facebook.com/story.php?story_fbid=10154409362881495&id=522171494
Read more