After axing 1,300 in India, HSBC’s Project Nemo to nibble at more jobs

16 May, 2012

HSBC, one of the top three foreign banks operating in the country, may go for a second round of job cuts in India in October, according to sources privy to the development. This would add to the pink slips given to around 1,300 employees or over one-fifth of its personnel across India operations, in May, as the bank goes about implementing a major cost-cutting initiative globally. 


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After axing 1,300 in India, HSBC’s Project Nemo to nibble at more jobs

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