HSBC cutting 500 jobs at Canary Wharf

[Cyberman]

If the most stable bank in the UK is cutting jobs it just shows how bad things are going to get.

[scooterscot]

Hang on, are you telling me the economy alone cannot depend on consumer spending and IB? And for this reason banks are laying off the staff that did so much for our way of life?

I tell yah, I 'm shocked and stunned.

[Spacecadet]

They're cutting the jobs in the investement bank, not the high street.

The investement bank jobs probably aren't viable any more given the current circumstances and its probably down to not needing the staff, or not believing that those staff will be able to generate enough profit to maintain their existence.

HSBC cut the high street jobs years ago when they decided to install 20+ machines into every branch

[BrilloPad]

I went for an "interview" there recently - I quoted that as it became clear they thought one of their technical products(bought in) was useless and they asked me if there was any way of getting it to work.

Naturally I told them I would need to investigate their circumstances fully to evaluate.

Mind you any bank using THAT technical product is probably not worth working for.....

[moorfield]

I went for an "interview" there recently - I quoted that as it became clear they thought one of their technical products(bought in) was useless and they asked me if there was any way of getting it to work.

Naturally I told them I would need to investigate their circumstances fully to evaluate.

Mind you any bank using THAT technical product is probably not worth working for.....

1100 jobs now on BBC.

Just out of interest which technical product?

[Francko]

Hang on, are you telling me the economy alone cannot depend on consumer spending and IB? And for this reason banks are laying off the staff that did so much for our way of life?

I tell yah, I 'm shocked and stunned.

My suggestion is to make everybody redundant and outsource all the work. This way there will be huge cost savings. Oh wait but somebody must pay for social benefits..... oh well let's outsource the state too. Boomed.

[BrilloPad]

1100 jobs now on BBC.

Just out of interest which technical product?

Best not to say publicly - but will PM you......

[Francko]

Best not to say publicly - but will PM you......

Is it an application server?

[Lockhouse]

Is it an application server?

ROFL - brings back memories - I remember the Jaguar/Sybase App server there from many years ago. Superb. Not.

[PAH]

Why don't they kick out all those city boy ******* and convert canary warf into a block of flats?

Got to be worth more in the long run that way with so many cretins desperate to pay over the odds to live in that cesspool known as London.

One day London's bound to be nuked if the mad mullahs get their way. I'll miss those bongs on the news at ten.