Don't think I've seen this in the SCMP or other online news outlets.
(As usual ... the image shown in the preview does not represent IT contractors at HSBC...)Hongkong and Shanghai Banking Corp is rumored to be cutting the contract period of staff from its Information Technology department to three months from one year.
The bank currently has about 1,000 contracted IT staff. One employee told local media that many colleagues had their contracts shortened to three months. They sees the lender is aiming to end all contracts by the end of September, and not to renewal them at that time.
IT contract cuts rumored - The Standard