HSBC reportedly asks middle managers to reapply for jobs as layoffs loom

Advertisement HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure.Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.HSBC declined to comment when contacted by Business Insider.HSBC has asked some managers to reapply for their jobs in its newly created corporate and institutional banking division as part of a cost-cutting drive, Bloomberg reported.Citing people familiar with the matter, Bloomberg said that the interview pr ...