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hsbc - cull starts

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    hsbc - cull starts

    apparently firing lots of contractors at hsbc in canary wharf - agent told me he'll be on phone all day informing people.
    having a surname low in alphabet means I got call first -sweet.

    #2
    Interesting - any particular area/project?

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      #3
      They are on a massive drive to shave £120M from their IT budget so no big surprise contractors get the bad news first. Surprised this has taken so long. Early last year the save £120M program started and as recently as a few weeks ago they were still advertising for IT staff.

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        #4
        i suppose a 'phone call is marginally better than security arriving at your desk <which has happened at other banks>.

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          #5
          its the investment banking side of things - told its across all areas.. just a general cut - internal bod wouldnt say what percentage of people - other than him and his colleagues will be busy all day calling people.
          I'm wfh so off to the pub now! nice day for it :-)

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            #6
            Starts again is a more apt title? They've a number of entries in the Roger Sinclairs list and I'm sure I've seen them mentioned at least twice on here that are not on his list.

            http://www.egos.co.uk/contract-breakers.htm

            If you are in a bank for more than 6 months you have to expect this now surely?
            'CUK forum personality of 2011 - Winner - Yes really!!!!

            Comment


              #7
              Originally posted by northernladuk View Post
              Starts again is a more apt title? They've a number of entries in the Roger Sinclairs list and I'm sure I've seen them mentioned at least twice on here that are not on his list.

              http://www.egos.co.uk/contract-breakers.htm

              If you are in a bank for more than 6 months you have to expect this now surely?
              They are cutting everyone, permies and contractors. I got 9 months out of them at a decent rate (with no cut), so can't complain, only expected 3 months.

              qh
              He had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.

              I look forward to your all knowing and likely sarcastic and unhelpful reply.

              Comment


                #8
                Originally posted by northernladuk View Post
                Starts again is a more apt title? They've a number of entries in the Roger Sinclairs list and I'm sure I've seen them mentioned at least twice on here that are not on his list.

                http://www.egos.co.uk/contract-breakers.htm

                If you are in a bank for more than 6 months you have to expect this now surely?
                yes I've been expecting it since I started last december - the whole onus of my work was to automate things so they could be done easily in China and India..also all renewals for people where only for a month or two - but was a shock when I did get the call - I was expecting to last till end nov and not be renewed.

                Comment


                  #9
                  Originally posted by northernladuk View Post
                  That's a very useful resource when considering options! More than a couple I've been put forward to on there.

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                    #10
                    Originally posted by slogger View Post
                    apparently firing lots of contractors at hsbc in canary wharf - agent told me he'll be on phone all day informing people.
                    having a surname low in alphabet means I got call first -sweet.
                    Change your surname to Zwingli, wait until they get halfway through, and then change it back again.

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