What's the scenario of layoffs in HSBC in the past 5 year for permanent employees?

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Hey, sorry one off-topic question to hsbc employees..can you pls let me know what is the variable pay at hsbc? It is how much percent of fixed ctc?

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There is variable pay mentioned in the offer letter. It is based on a matrix.. if you get an average rating then it is 0.5* 1 month's salary, if you get a good rating then 1*1 month's salary, if you get an excellent rating then 1.5*1 month's salary.

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HSBC has the money to onboard Viral Kohli as their brand ambassador but doesn't have the money to pay its employees.
The situation is not very good. I left in Dec 2022. Since then there have been constant talks going on regarding no hike, no bonus, layoffs etc.

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The team that I left in that team a GCB 3(UK resource ) was asked to leave(they gave her 3-4 months notice). After she left, 2 GCB 5s from the same team were made redundant.

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Ok..thanks a lot for the info. Also can you say how much are the yearly increments?
And does hsbc work as vendors to other companies or have only internal projects related to hsbc? And is work in hybrid mode with 2 days full time in office?

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Hike is 5-10/12%. Average hike is 6%

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Need small advice,
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