HSBC hits pause on mass layoffs after profits plunge by nearly 50%
HSBC is ramping up the amount of money it is setting aside to cover bad loans as its profits plummet because of the coronavirus pandemic. It is also suspending plans to lay off tens of thousands of staff. 
Source: HSBC hits pause on mass layoffs after profits plunge by nearly 50% How Insurance Companies Work?
HSBC is ramping up the amount of money it is setting aside to cover bad loans as its profits plummet because of the coronavirus pandemic. It is also suspending plans to lay off tens of thousands of staff.
Source: HSBC hits pause on mass layoffs after profits plunge by nearly 50% How Insurance Companies Work?
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