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<div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/hsbc_audio.m4a' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='HSBC to dismiss tens of thousands of workers' data-article-id='449'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='9604'>One of the world's largest banks, HSBC, is planning to dismiss up to 50,000 employees. </span> <span data-start-time='9604' data-end-time='15646'>The move is part of an overhaul of the bank’s international operations. </span> <span data-start-time='15646' data-end-time='18792'>It plans to focus more on Asia.</span> <span data-start-time='18792' data-end-time='22813'>It might even move its headquarters out of London.</span> </p><p><span data-start-time='22813' data-end-time='31042'>The job cuts affect about 19 percent of the HSBC staff over the next two years. </span> <span data-start-time='31042' data-end-time='37375'>Half of those cuts will come from selling operations in Turkey and Brazil. </span> <span data-start-time='37375' data-end-time='42438'>Thousands of jobs cuts will also come from the U.K.</span> </p><p><span data-start-time='42438' data-end-time='53771'>HSBC operates in more than 70 nations with over 6,000 branches, and has tens of millions of customers. </span> <span data-start-time='53771' data-end-time='59375'>The bank has assets of more than $2.6 trillion.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/201/hs_image.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=2639 data-hint-location='15646' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/what_does_focus_mean.m4a'>What does <strong>focus</strong> mean?</div><div class='choices' data-correct-choice='to direct attention or effort at something'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/a_violent_storm.m4a'><span>a violent storm</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/to_take_ownership_of.m4a'><span>to take ownership of</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/to_direct_attention_or_effort_at_something.m4a'><span>to direct attention or effort at something</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/to_remove_from_danger.m4a'><span>to remove from danger</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=2640 data-hint-location='15646' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/what_area_does_hsbc_want_to_focus_on.m4a'>What area does HSBC want to focus on?</div><div class='choices' data-correct-choice='Asia'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/asia.m4a'><span>Asia</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/united_kingdom.m4a'><span>United Kingdom</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/brazil.m4a'><span>Brazil</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/poland.m4a'><span>Poland</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=2641 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/one_of_the_worlds_largest__blank__is_planning_to_dismiss_up_to_50000_employees.m4a'>One of the world's largest <span class='blank'>banks</span> is planning to dismiss up to 50,000 employees.</div><div class='choices' data-correct-choice='banks'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/hotels.m4a'><span>hotels</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/airports.m4a'><span>airports</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/monuments.m4a'><span>monuments</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/201/banks.m4a'><span>banks</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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