HSBC's payments app closure puts around 400 jobs at risk, source says
HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe's largest bank.
HSBC to shut down payments app in blow to customers
HSBC is set to shut down a payments app after its launch just a year ago in a blow to customers. The Zing platform, which lets users make global payments and comes with a multi-currency debit
'Four hundred jobs could go' at HSBC's Zing app
Europe's largest bank's decision to close its international payments app could result in the loss of around 400 jobs, according to a source close to the situation. The unnamed source told the Reuters news agency HSBC's cost-cutting decision to terminate its Zing app would likely mean layoffs at both the bank itself and at external customer support centers that employ non-HSBC workers.
HSBC pulls the plug on Zing payments app after just one year
HSBC has announced the closure of its international payments app Zing, marking another setback in the bank's fintech expansion efforts, just 12 months after its launch
HSBC to shutter international payments app Zing
The move is expected to result in about 400 layoffs as CEO Georges Elhedery intensifies cost-cutting measures in Europe.
App Closed, Over 400 Jobs At Risk In This Bank - Details
HSBC has decided to close its international payments app, Zing, as part of CEO Georges Elhedery’s cost-cutting strategy. The move is expected to result in approximately 400 job losses, including non-HSBC customer support staff.
HSBC shuts global payments app Zing as CEO Georges Elhedery seeks to slash costs; 400 jobs may be axed
HSBC is shutting down Zing as it reportedly continues to overhaul its structure. The staff at risk of redundancy will be informed soon.
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