HSBC to lay off 25,000 workers...

[Bookcat]

after posting a profit....

HSBC announced Monday that it will cut 25,000 more jobs around the world, in addition to the thousands of job cuts already underway, after reporting a surge in profit. HSBC (HBC) Chief Executive Stuart Gulliver said he expects to cut 25,000 jobs between now and 2013. The company's stock rallied 5% in pre-market trading.HSBC reported a net income of $8.9 billion for the first half of the year, up 35% from the first half of 2010.

but remember....Barack is doing NOTHING to help large banks and business stay afloat. His ANTI-big business agenda is hurting their bottom line...causing "uncertainty" and "instability" in the markets to where they simply can't afford to hire new staff....

Right?

[sonofdaxjones]

Yes, selected big business will prosper under the Barry W. Obama administration.

GE for example.

Also, thanks to Barry W. Obama moving forward and expanding perpetual war, the defense/intelligence sector has done quite well under Barry W. Obama.

[steve dave]

hsbc is as global as they come but is a british company.

[michigancat]

I never have any idea WTF book is talking about.

[Rage Against the McKee]

I never have any idea WTF book is talking about.

It's like he just exists to prove that FSD's talking points aren't straw men after all.

[wetwillie]

i'd take jeffy and DS back over this, it really pains me to say that

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

after posting a profit....

HSBC announced Monday that it will cut 25,000 more jobs around the world, in addition to the thousands of job cuts already underway, after reporting a surge in profit. HSBC (HBC) Chief Executive Stuart Gulliver said he expects to cut 25,000 jobs between now and 2013. The company's stock rallied 5% in pre-market trading.HSBC reported a net income of $8.9 billion for the first half of the year, up 35% from the first half of 2010.

but remember....Barack is doing NOTHING to help large banks and business stay afloat. His ANTI-big business agenda is hurting their bottom line...causing "uncertainty" and "instability" in the markets to where they simply can't afford to hire new staff....

Right?

 

HSBC the british bank? 

[Stupid Fitz]

I think that instead of making that profit they should hire a bunch of people and not make so much money.