Comparing the 2026 layoffs at HSBC (20,000 jobs) and Chevron (8,000 jobs). HSBC cut more people, Chevron cut a larger share of its workforce.
| HSBC | Chevron | |
|---|---|---|
| People Cut | 20,000 | 8,000 |
| % of Workforce | 9.5% | 17.8% |
| Total Workforce | 210,000 | 45,000 |
| Date | ||
| Category | AI-DRIVEN | COST CUT |
| Industry | Finance & Banking | Energy |
| Reason | 10% cut, AI-driven. | 15-20% workforce. |