HSBC layoffs soon? Wall Street giant may slash 20,000 roles amid AI-led overhaul, says reporthttps://t.co/5gTwVV9Vdz
— Mint (@livemint) March 19, 2026
Fears of an AI-driven jobs cull on Wall Street are intensifying after banking giant HSBC revealed it is weighing sweeping layoffs that could hit up to 20,000 workers.
The London-based lender is considering cutting around 10 percent of its global workforce as part of a major push to replace human roles with artificial intelligence, according to reports.
There are now growing fears rivals could follow suit – with major lenders such as Bank of America, JPMorgan and Citigroup all investing heavily in AI and under pressure to slash costs in the same way.
https://www.dailymail.co.uk/yourmoney/article-15662461/hsbc-ai-job-cuts-bank-layoffs.html