One of the world's largest banks, HSBC, is planning to dismiss up to 50,000 employees. The move is part of an overhaul of the bank’s international operations. It plans to focus more on Asia. It might even move its headquarters out of London.

The job cuts affect about 19 percent of the HSBC staff over the next two years. Half of those cuts will come from selling operations in Turkey and Brazil. Thousands of jobs cuts will also come from the U.K.

HSBC operates in more than 70 nations with over 6,000 branches, and has tens of millions of customers. The bank has assets of more than $2.6 trillion.