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HSBC will shed
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HSBC will sell its businesses in Brazil and Turkey, reducing headcount by 25,000. In addition, another 22,000 to 25,000 job cuts are planned across the bank, which should reduce the total number of employees to roughly 208,000. As part of a previous effort to cut costs, HSBC axed nearly 40,000 jobs between 2011 and 2014."
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