HSBC job cuts to hit techies

"Some impacted IT roles..."

By Natasha Lomas, 26 September 2008 12:36

NEWS

HSBC has confirmed IT workers will be hit by the 1,100 job cuts the bank announced on Friday, as fallout from the global credit crunch continues.

The cuts will affect the bank's global banking and markets operation.

A spokesman for the HSBC told silicon.com he could not confirm how many IT roles are affected but added: "There are some impacted IT roles but it's a sort of trimming across the board rather than one particular area."

Another spokesman confirmed the affected jobs are in front and back office operations.

About half of the roles to be cut are thought to be UK-based, with both contract staff and permanent staff likely to be affected.

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ