HSBC CEO urges staff to embrace AI amid plans to cut 20,000 jobs
HSBC's CEO, Georges Elhedery, is encouraging employees to adapt to artificial intelligence as the bank plans to cut approximately 20,000 jobs. This reduction represents about 10% of the global workforce, primarily affecting non-client-facing roles. Elhedery acknowledges that while AI will eliminate some jobs, it will also create new opportunities that require retraining.
- ▪HSBC plans to eliminate around 20,000 positions globally, which is about 10% of its workforce.
- ▪The job cuts will mainly impact non-client-facing roles within the bank.
- ▪CEO Georges Elhedery is urging employees to embrace AI technology to remain relevant in their jobs.
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HSBC CEO urges staff to embrace AI amid plans to cut 20,000 jobs Georges Elhedery tells employees to get 'future-ready' as the banking giant prepares to eliminate roughly 10% of its global workforce over the next few years. Share Add us on Google by Editorial Team May. 20, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); When your boss tells you to embrace the technology that might replace you, the appropriate response is somewhere…
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