Savings target - 5 billion USD. To get there we'll have to have massive redundancies, up to 50,000 people will be laid off. What we know so far is that approximately 2000 people will be laid off in Commercial Banking, granted there is a ton of people working in CB but at the same time 2000 is always a huge number. http://www.bloomberg.com/news/articles/2015-11-23/hsbc-said-to-plan-cutting-2-000-jobs-in-commercial-bank-division
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I was working till yesterday, July 2018 at HSBC and I agree with most of the comments here. There is minimal training and minimal guidance. You are left to figure it out on your own. Most of the people who worked in my team had HSBC systems and procedures experience which helped them, however a newbie is a different situation. There is a great deal of Nepotism as well, on the front line good deals are given to the preferred ones and some are even exempt from producing deals if they know someone higher up in management.