HSBC lays off 150 employees in India amid 'realigning' operations

HSBC laid off about 150 employees across its technology function in India, as a part of its ongoing 'realigning' operations. Majority of the lay-offs have happened in Pune and Hyderabad. HSBC announced plans of thousands of job cuts after CEO John Flint stepped down after 18 months with the bank. Total job losses in India have reportedly totalled to 200.