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HSBC Layoffs
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Comments (13)

Notorious LHB in Columbia, South Carolina

56 months ago

Does anyone know who HSBC is working with to help place the folks that are being laid off in South and North Carolina? Are they using an outsourcing company? We have positions that might help and H.R. has not responded to our inquiries. thank you!

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skylab in Tampa, Florida

55 months ago

They are using a something called Right Management. I don't know if it is company or an outside agency.
As far as HR helping - forget it. They have no clue.

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gave up in Aurora, Illinois

52 months ago

No but there is a lot of us loosing our jobs in the processing centers In ILl. The current rummor is end of feb around 150 or so. They are not trying to place us they are making hard for us to leave. You know we made them lots of money now the industry is bad lets get them to leave so we don't have to pay severance. UNLESS you want to work like a slave in collections for low wages and dead end job. They are always hiring... I wonder why ? Hr are you kidding do they know what they are suppose to do. Working hard does not get you any where any more. It's who you know ?.

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tx_scret in Grapevine, Texas

51 months ago

I got news today hsbc auto is to be making the business a smaller unit... has anyone heard anything about auto layoffs???

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MONGREL in Los Angeles, California

51 months ago

Auto Finance just laid off 200 people nationwide on Monday and shut down the northeastern US market (except Boston I think).
Credit Mgrs, Funders, Directors and Field Sales people as well.
Its not over keep your helmets on!

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Rickd11 in Voorhees, New Jersey

51 months ago

I worked for HSBC auto finance and was part of th downsizing.
I live in NJ .... any jobs?

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Hetty in Lombard, Illinois

50 months ago

Anyone laid off being paid their 2007 yearly bonus? Just wondering if anyone's suing....

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virgocalifornia in Moreno Valley, California

49 months ago

Rickd11 in Voorhees, New Jersey said: I worked for HSBC auto finance and was part of th downsizing.
I live in NJ .... any jobs?

I work for Bank of America. If you want to stay in the financial services industry we have a Card Services department in Newark that is currently hiring. Perhaps your skills from HSBC are transferable.

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tx_scret in Grapevine, Texas

49 months ago

would be great however I live in Texas.

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virgocalifornia in Moreno Valley, California

48 months ago

tx_scret in Grapevine, Texas said: would be great however I live in Texas.

We have operations centers in Dallas, Humble, Amarillo, San Antonio and Houston.

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Perry Ronson in Indiana

45 months ago

HSBC will ultimately exit the old consumer finance business. It's just a matter of time. The Bene/HFC business model is so changed and unprofitable it cannot sustain itself over the long term. Brick/Mortar for sure will go away. Likely to be just a centralized platform in the end.

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Birdman in Wasilla, Alaska

45 months ago

Perry Ronson in Indiana said: HSBC will ultimately exit the old consumer finance business. It's just a matter of time. The Bene/HFC business model is so changed and unprofitable it cannot sustain itself over the long term. Brick/Mortar for sure will go away. Likely to be just a centralized platform in the end.

Perry, interesting comment. Are you thinking that there will be more branch closures at HFC and Beneficial?

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Gary Fortune in Phenix City, Alabama

10 months ago

skylab in Tampa, Florida said: They are using a something called Right Management. I don't know if it is company or an outside agency.
As far as HR helping - forget it. They have no clue.

Right Management is great at outplacing people, and their program is very effective!

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