
Group 1 - Hang Seng Bank has been laying off employees across multiple departments since March, including logistics support, strategy and corporate development, IT, corporate communications, and the Hang Seng Index Company [1] - The layoffs are expected to be completed by the end of June, with a reduction of approximately 10% to 20% in affected departments, and some departments facing cuts of nearly 50% of their staff [1] - A spokesperson for Hang Seng Bank stated that the bank regularly reviews its business portfolio and operations to adapt to the rapidly changing market environment and diverse customer needs, which includes optimizing or innovating new functions, adjusting business structures, and enhancing employee skills to better serve customers [1]