Banking giant HSBC said it will cut up to 30,000 jobs over the next two years in a cull set to impact on more than 10% of its workforce. The efficiency drive, which will save the bank up to Â£2.1 billion a year, is the latest within an industry battling to cope with reduced levels of activity. HSBC's job losses include 5,000 posts already cut this year - 700 in the UK - but chief executive Stuart Gulliver said the cuts would go deeper. http://uk.news.yahoo.com/hsbc-outline-10-000-job-losses-015255708.html HSBC has reported profits of 36%. What about banks that do not have profits? Many USA banks are also planning job cuts. Other big international banks are also planning job cuts.