HSBC is reportedly considering cutting up to 20,000 jobs as part of a multi-year automation overhaul The UK’s largest bank, HSBC, is considering cutting up to 20,000 jobs over the coming years as part of a major push to integrate artificial intelligence into its operations, Bloomberg reported on Thursday. The potential reductions would represent approximately 10% of the London-based bank’s global workforce, which stood at around 210,000 employees at the end of 2025. Non-client-facing roles in