The number of staff is just incredible . '' HSBC , Europe 's largest bank , to lay off up to 14,000 staff between 2014 and 2016 . Staff cuts part of effort to save $ 2- $ 3 billion over next few years . ' HSBC terribly bloated ' says one executive search director . Comment: The banks are trying to cut costs by laying people off as they try to get rid of the bad loans that have been piling up for a while now.
HSBC , Europe 's largest bank , to lay off up to 14,000 staff between 2014 and 2016 . Staff cuts part of effort to save $ 2- $ 3 billion over next few years . ' HSBC terribly bloated ' says one executive search director . Comment: The banks are trying to cut costs by laying people off as they try to get rid of the bad loans that have been piling up for a while now.