Economy · World
HSBC and HubSpot announce job cuts amid AI expansion
HSBC plans to cut approximately half of its management and specialist positions within its UK wealth division, potentially reducing the number of financial advisers by nearly 70% as the bank expands its use of artificial intelligence. Separately, tech firm HubSpot announced it will cut 660 jobs as part of its own AI restructuring efforts.
How outlets across the spectrum covered it
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- Centre (1): Mint
- Right (1): Times Now