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Forums - Politics - Bank reports over $11 billion in profits. Will be laying over over 30,000 people...

SamuelRSmith on 04 August 2011
richardhutnik said:
SamuelRSmith said:
They're exiting markets they're struggling with, how do you propose they do that without reducing employees?

What's more, they also said that they'd be hiring people in other areas, so the actual net reduction will be lower.

Not my problem.  I am not the one who has to deal with telling them how to be more competent so they don't reduce their workforce.  


Huh? You're the one creating a thread on this, so you obviously have a "problem" with it, I tell you why they're making redundancies whilst also posting profits (read: those jobs are redundant), and you make this flippant comment?



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richardhutnik on 04 August 2011
SamuelRSmith said:
richardhutnik said:
SamuelRSmith said:
They're exiting markets they're struggling with, how do you propose they do that without reducing employees?

What's more, they also said that they'd be hiring people in other areas, so the actual net reduction will be lower.

Not my problem.  I am not the one who has to deal with telling them how to be more competent so they don't reduce their workforce.  


Huh? You're the one creating a thread on this, so you obviously have a "problem" with it, I tell you why they're making redundancies whilst also posting profits (read: those jobs are redundant), and you make this flippant comment?

If I am not in a place to address issues by a company that it engages in incompetence in its management that results in people getting laid off, it isn't my problem.  If you are saying it is my problem, then I would say they need to figure out how to reemploy people properly and position for growth.  Don't you think there is something wrong where a business lays off people on the one hand, and then hires other people, rather than redeploying them?  Such a business treats the workers as if they are disposable, to cover up for their incompetence in management.  Sorry, but I have no sympathy for such entities.  And a society consisting of this as the norm, is not going to have stability it needs.



SamuelRSmith on 04 August 2011
richardhutnik said:
SamuelRSmith said:
richardhutnik said:
SamuelRSmith said:
They're exiting markets they're struggling with, how do you propose they do that without reducing employees?

What's more, they also said that they'd be hiring people in other areas, so the actual net reduction will be lower.

Not my problem.  I am not the one who has to deal with telling them how to be more competent so they don't reduce their workforce.  


Huh? You're the one creating a thread on this, so you obviously have a "problem" with it, I tell you why they're making redundancies whilst also posting profits (read: those jobs are redundant), and you make this flippant comment?

If I am not in a place to address issues by a company that it engages in incompetence in its management that results in people getting laid off, it isn't my problem.  If you are saying it is my problem, then I would say they need to figure out how to reemploy people properly and position for growth.  Don't you think there is something wrong where a business lays off people on the one hand, and then hires other people, rather than redeploying them?  Such a business treats the workers as if they are disposable, to cover up for their incompetence in management.  Sorry, but I have no sympathy for such entities.  And a society consisting of this as the norm, is not going to have stability it needs.


How do you know that they're not redeploying people? Odds are, with the most skilled workers, they are. Thing is, when you're shutting down in business in a country, it's very hard to redeploy people... as that essentially means that those people will have to move countries... is it really worth going to all that effort if they are just some low-level bank assistant? No.

If HSBC used your kinds of ideals when running their business, I very much doubt they'd be posting these profits, and I also doubt that these 30,000 people (or the other 250,000 people working at HSBC) would have jobs in the first place.