Best of the week roundup

Published 1 Min Read

Contributing writer Keith Button examines why it’s not a good idea for employers undertaking mass layoffs to ask employees to reapply for their jobs.

As some employers are demanding that workers to return to the office, many employees are none to thrilled about the prospect. For employees who want to continue to work from home, editor Lee Hafner compiled a list of 20 companies that are hiring remote-only workers.

Recent news about layoffs at HSBC has sparked criticism in some HR circles about a tactic the bank is reportedly deploying: Making employees reapply for their jobs.

As a part of restructuring plan announced in October, “hundreds” of managers from HSBC’s commercial banking division and global banking and markets division have been asked to reapply and interview for jobs, competing to work in a newly formed corporate and institutional banking division as “several hundred” positions are eliminated, Bloomberg News reported. Interviews were underway last week, according to Bloomberg.

Mary Ellen Egan
Senior Director, Strategy and Content, Live Media, American Banker

Mary Ellen Egan is in charge of The Most Powerful Women in Banking and related projects. A veteran journalist, she has been a writer and editor at Forbes and The American Lawyer. Her work has … Read full bio


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