On the Record · HSBC USA
HSBC USA layoffs, on the record
Every job cut, severance charge and restructuring HSBC USA reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | 1,948 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance related costs in salaries and employee benefits tied to simplifying its organizational structure.
Word for word“Salaries and employee benefits increased during 2025 primarily due to higher severance related costs driven by $15 million of costs recorded in 2025 related to the simplification of our organizational structure.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2020-12-31 | $57 million | $24 million |
| 2021-12-31 | $65 million | $42 million |
| 2022-12-31 | $53 million | $61 million |
HSBC USA filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from HSBC USA’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.