HSBC is planning to create 1,000 entry-level roles in the UK over the next year as the bank targets Gen Z workers. The new entry-level positions will comprise apprenticeships, graduate programmes and internships across 2026 and 2027, and the bank is also offering 500 one-week in-person work experience placements designed to give secondary school students earlier exposure to the workplace. The hiring drive is being led by the UK bank and will see the majority of opportunities focused in regions outside of London, with recruitment for the 2027 entry-level roles opening from late September. Around a third of all hires the UK bank has made this year have been aged 18 to 24. The push comes as the wider global bank undergoes an overhaul led by chief executive Georges Elhedery, who targeted 1.5 billion US dollars, or 1.1 billion pounds, worth of cost reductions; earlier this year Elhedery said a large amount of the savings had come from eliminating duplicate jobs within the group, particularly among the more senior ranks, resulting in a net 15% reduction of managing director positions. HSBC's annual report revealed that it had paid out 67.5 million US dollars, or 50.9 million pounds, in severance payments to 134 senior bankers in 2025, amounting to about a tenth of its so-called material risk takers. Chief executive of the UK bank, David Lindberg, said investing in early-career talent is important for HSBC's future as it builds a high-performance culture with care, adding that as the world of work changes, the bank is building the skills its customers and communities need.
HSBC Holdings PLCHSBC is creating 1,000 entry-level UK roles and 500 work placements, part of a broader overhaul that also cut senior jobs and costs.
