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HSBC's UK headquarters, in Canary Wharf, London
HSBC is planning to slash up to 10,000 jobs in a major cost-cutting drive by the bank’s new boss, according to reports today.
Financial workers’ union Unite has demanded a “comprehensive response” from the bank, after an insider told the Financial Times that HSBC’s new chief executive Noel Quinn intends to get rid of thousands of workers.
The source said that the decision was prompted by years of financial insecurity, the stress of global tariff wars, the constant uncertainty over the outcome of Britain’s departure from the European Union and ongoing riots in Hong Kong.
From anonymous surveys claiming Chinese students are spying on each other to a meltdown about the size of China’s London embassy, the evidence is everywhere that Britain is embracing full spectrum Sinophobia as the war clouds gather, writes CARLOS MARTINEZ
