You are here: silicon.com > Management > IT Pro

IT Pro

IT hit as HSBC culls 1,200 jobs

"Extremely challenging" operating environment blamed

Tags: job cuts, redundancies, hsbc

By Jo Best

Published: 26 March 2009 12:45 GMT

More than a hundred IT workers could lose their jobs in HSBC's latest round of proposed redundancies.

The bank, which yesterday revealed more than 1,200 members of staff in the UK could see their jobs cut as part of an operational review, said more than 120 IT positions are at risk.

The threat to IT jobs comes "after a reorganisation, consolidation of tasks and reduction in manual tasks", a spokesman for the bank told silicon.com.

The majority of the 1,200 cuts will fall in processing and operations, as well as finance, human resources and information technology, according to HSBC.

HSBC's UK MD, Paul Thurston, said in a statement: "The operating environment for banks in the UK is extremely challenging and will remain so for some time… there are difficult decisions that have to be made as we adapt to a new environment, and ensure we are positioned for the future."

The redundancies follow a separate round of cuts last September which saw 1,100 staff - among them IT workers - lose their jobs.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure

Mark Crichard Doing business with citizen developers: Beware the legal pitfalls Legal Eye: Make sure your business is protected from potential hazards

Tim Ferguson How CIOs can achieve post-recession success Q&A: McKinsey & Company on living in the 'new normal' business world


  • Jobs
Ground Segment Manager, Senior Engineer, Aerospace

Could be assigned tasks and responsibility in positions such as Project Manager, Engineering Manager, Procurement Manager, Project Office Manager, ...

Recruitment Consultant

Inputting all candidates' details efficiently on to an in-house system Entering new and altering bookings on to Adapt systems. Ensuring Eligibility ...

Front Office Java Developer - Unix Script/Sybase/SQL/Equities

SQL skills, much preferably Sybase - Senior Java, with at least these API covered: JSE, JSP, JDBC, XML processing, Spring, Ant - Junior knowledge of ...

Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.





Quick Sitemap Links: