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HSBC is planning to cut about half of management and specialist roles in its UK wealth management business, with reductions among financial advisers potentially reaching around 70%, the Financial Times reported. Affected employees are expected to leave by the end of the month.
HSBC is planning significant job cuts across its UK wealth management division, including financial advisers and specialist staff, as part of an initiative to integrate artificial intelligence into its operations, the Financial Times reported.
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Bank is consulting with staff on reductions in roles affecting managers, specialists and financial advisers
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