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Job cuts at HSBC could strike at home

By Chris Jamele

Buffalo, NY – An announcement is expected to come on Monday from HSBC that the financial institution is planning to cut approximately ten thousand jobs over the next year.

A majority of those cuts are expected to be made outside of the company's base in the UK. The firm employs five thousand people locally, and there is no word on how many of those jobs might be affected.

HSBC is undergoing a worldwide restructuring.