Biggest mass layoffs of all time

Published On: Jul 17 2014 08:06:33 AM CDT   Updated On: Jun 09 2015 09:42:32 AM CDT

British bank HSBC will shed 50,000 jobs in the coming years as it slashes costs and sells parts of the bank to focus on Asia. Check out some of the biggest mass layoffs of all time.

HSBC
1 / 12

British bank HSBC will shed 50,000 jobs in the coming years as it slashes costs and sells parts of the bank to focus on Asia. The changes are part of a major restructuring plan that is designed to save the bank $5 billion annually by 2017.

Most Popular

E-News Registration

Mobile Phone_480x270

Channel3000.com Email Newsletters

Sign up for Breaking News, Daily Headlines, Severe Weather Alerts & more!