Comparing the 2026 layoffs at HSBC (20,000 jobs) and Nestlé (16,000 jobs). HSBC cut more people and a larger share of its workforce.
| HSBC | Nestlé | |
|---|---|---|
| People Cut | 20,000 | 16,000 |
| % of Workforce | 9.5% | 5.9% |
| Total Workforce | 210,000 | 270,000 |
| Date | ||
| Category | AI-DRIVEN | AI-DRIVEN |
| Industry | Finance & Banking | Consumer Goods |
| Reason | 10% cut, AI-driven. | 6% of global workforce over 2 years. |