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HSBC Plans UK Wealth Management Job Cuts
HSBC Group intends to carry out significant layoffs in its Wealth Management division in the United Kingdom, including reducing around 50% of managerial and technical roles in the sector and cutting financial advisors by 70%. This is part of a strategy focused on leveraging artificial intelligence technologies and cutting costs. The affected employees are expected to leave the company by the end of the month, in order to strengthen digital solutions and innovate new channels to serve clients and meet their evolving needs.
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