HSBC announces to cut more jobs before Apr 2009

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On Nov 17, a spokesman for HSBC confirmed that the bank would be laying off 450 people from its Hong Kong operations, and 50 from the "rest of Asia." The layoffs represent 2.0% of its Hong Kong work force, and less than half a percent of its Asian operations, he said.

HSBC's 500 job cuts may be a fraction of the 53,000 announced by Citi. But the bank is cutting back in Asia, its bread-and-butter market, which is declining in profitability.

Will HSBC has a larger workforce reduction before Apr 2009?

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	ZiiValue (chance)	Answer	MyAnswer (which outcome happened?)	Possible Outcomes
	64%		Yes	Yes
	36%		No	No

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