HSBC to push ahead with 35,000 job cuts; UK inflation eases for fourth month - business live

Back to the UK inflation numbers. Official figures showed the annual growth rate in consumer prices slowed to 0.5% in May as oil prices tumbled, the lowest annual rate since the Brexit vote in June 2016.

Why are HSBC pushing ahead with 35,000 job cuts? They’ve received BILLIONS in taxpayers money as bail outs, yet still incapable of running their business finances?! 🤔 Don’t come beggin for more hand-outs!

AnayasaNevzat

GurayMollaoglu

Not going to be the first lot of job cuts, the whining snowflakes and violent rioters will be unemployed and still whining

nw_nicholas Thoughts please

35k job is worldwide

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UK labour market in ‘suspended animation’ as furlough costs near £20bn – latest updatesMore than 600,000 Britons lost their jobs in the first two months of lockdown, according to an early analysis of HMRC payroll data. Such a sad occurrence. I guess less revenue/resources being generated might have caused it. I pray the affected gets an alternative job soon to help them cater for their wellbeing. Devastating Another 2+ million will add to ot by Oct
Source: The Telegraph - 🏆 41. / 63 Read more »