HSBC’s Hong Kong unit Hang Seng Bank lays off staff as part of sweeping revamp

Quick Summary:

Some departments lose up to 20 per cent of their staff, while the hardest-hit team is cut in half, sources say.

Hang Seng Bank did not directly comment, but said it commonly reviewed and made adjustments to its organisation and departments to meet customers’ needs.“This includes creating new roles, restructuring the organisation [and] upgrading staff’s technical skills so as to offer a better quality of service for customers,” the bank said in a statement in Chinese.

The bank is currently recruiting for about 100 vacancies.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: Hang Lender Lay-offs Sources Part Hsbc Bank Seng Affected Departments Restructuring

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 13:14:08 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 244 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28701961

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 13 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 7 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions