Short, not so sweet, and to the point. The latest word from insiders is that late November into early December will be the time for layoffs on East Coast. (Same as last year.) HSBC is trying to cut costs on severance packages by getting rid of people for “performance issues” prior to that time. See our report about a manager that was framed and fired and you will see what we mean by “performance issues.”
From today forward we will post all employee, former employee, and insider reports relating to HSBC Finance (HSBC Consumer Credit) employment in this blog, under this category “Jobs and Layoffs.” we will no longer post the initials of the submitter, nor will we publish the state or laocation of the submitter. It will be better for everyone that way.
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