International banking giant HSBC has eliminated jobs within its United States debt capital markets division, according to a Bloomberg News report published Thursday.
The layoffs affected roughly one-tenth of the team’s workforce, with a minimum of six employees losing their positions at the New York office on Thursday, sources with knowledge of the situation told Bloomberg.
These job cuts represent part of HSBC’s broader effort to reduce expenses following the bank’s announcement last October that it would restructure this particular business unit.
When contacted for verification, Reuters was unable to independently confirm the Bloomberg report’s details.
HSBC has not yet provided a response to requests for comment regarding the reported layoffs.
