Tech industry
from24/7 Wall St.
17 hours agoCoinbase CEO Warns American Workers: Mass Layoffs Are Coming to 'Every Company'
AI technology is leading to significant layoffs as companies streamline operations and reduce workforce needs.
Under chief executive Georges Elhedery, who took the helm in 2024, the bank targeted $1.5 billion (1.1 billion) in annual cost reductions by 2026. However, HSBC revealed on Wednesday it now expects to achieve this by the end of June – six months ahead of schedule.