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You're browsing: HSBC News » Jobs and Layoffs » Article Title: HSBC has no control over job losses under current plan

This was written and submitted by an insider: “The fact remains that under the current management, HFC is being run to the ground. While it is difficult to get the real estate products completed due to values, the main focus is real estate. Punishment is distributed via additonal worktime for the account executives and managers that have not reached ridiculous application goals. In a market that is so upside down on value, and where we may never see the same values, wouldn’t it be more profitable to focus on other products like personal loans and auto refinance? The employees are under a great deal of stress and people are losing their jobs over that which they cannot control. This is terrible. The fact that the employees have lives outside of the office, families and the desire to get a full nights sleep, or the desire to make money and pay their bills is not relevant to management. It is a stressful time for everybody and this company under current management does not seem to care.”

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