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HSBC is preparing to cut 35,000 jobs worldwide you heard that right 35,000 but theyre not the only ones companies across the world are planning to layoff employees by the thousands job cuts have not spared any major economy including India heres a rundown of the job situation across the world as the global economy teeters on recession last years press releases on cost-cutting are turning into this years pink slips 2020 is turning out to be the year of job cuts whatever we may choose to blame it on brexit us-china trade war or the deadly coronavirus it is certain that there will be fewer jobs in the coming year nearly 50 banks across the world will together layoff over 75 thousand employees HSBC alone is planning to cull 35,000 jobs deutsche bank is planning to get rid of 18,000 employees by 2022 and JP Morgan Chase plans to dismiss hundreds of employees this year after letting go of nearly 7,000 people in the last four years all this in an attempt to slash costs there is one more r
