Comparing the 2026 layoffs at HSBC (20,000 jobs) and Intel (15,000 jobs). HSBC cut more people, Intel cut a larger share of its workforce.
| HSBC | Intel | |
|---|---|---|
| People Cut | 20,000 | 15,000 |
| % of Workforce | 9.5% | 13.6% |
| Total Workforce | 210,000 | 110,000 |
| Date | ||
| Category | AI-DRIVEN | RESTRUCTURE |
| Industry | Finance & Banking | Tech |
| Reason | 10% cut, AI-driven. | Company-wide restructuring entering 2026. |