HSBC said acquiring Household Finance was "a mistake" - werkgeversreview Anonieme werknemer bij HSBC

2,0
15 okt 2009
Anonieme werknemer
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

HSBC is a global finance corporation with good profits in India and China. In the U.S., they are losing money due to their sub-prime mortgage exposure. Thus they are attempting to save costs by laying-off employees, which as a share-holder is the proper strategy.

Minpunten

The headquarters are moving from London to Hong Kong, to take advantage of the China growth. However, if you are working in the U.S., you are now an "ugly step-child" that headquarters is looking to save costs. The former CEO was fired and a new CEO was sent from the U.K. to make cuts. Thus employees are viewed as a cost and careers are an undue expense. The survivors are wondering when the next cuts will be made.

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5,0
17 mei 2026
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

the work was very exciting

Minpunten

the hours were very long

2,0
15 jun 2026
Aanbevelen
Goedkeuring directeur
Zakelijk vooruitzicht

Pluspunten

Good, smart colleagues in other offices.

Minpunten

At times, decisions appeared to prioritize individual objectives over team needs, which affected collaboration and morale. Greater consideration of team perspectives and shared goals would help build trust and engagement. I observed instances where expectations communicated to the team were not consistently reflected in leadership actions. Greater consistency between stated values and day-to-day decisions would strengthen credibility and confidence within the team.

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