04:11 AM EDT, 03/19/2026 (MT Newswires) -- HSBC ( HSBC ) is planning deep job cuts over the coming years as artificial intelligence is expected to trim the British lender's middle and back offices, Bloomberg reported late Wednesday, citing unnamed people familiar with the matter.

The expected cuts will impact non-customer facing roles the most, although the plan is in its early stage, the people told Bloomberg.

The eliminations will result in total workforce reduction of about 10%, or 20,000 roles, one of the sources told the news outlet.

The deliberations started before the recent Middle East conflict and no final decision has been taken yet, Bloomberg said, citing the people.

Some of the workforce reduction may also come through business sales or exits, according to the report.

HSBC ( HSBC ) declined MT Newswires' request for comment.

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