No promotion at all, too many rules so that so much time wasted on doing those "political right" things, then CxO level only can think of re-structure, which is to cut people, to solve issues, but too bad, this will not solve the real issues, and this company is like a train moving towards wrong direction on tracks, no chance to turn a round. I can put my bet here, after 10 years, HSBC will be worse than what it is now.
favouritism: couple years ago, a new guy got hired, and he started reading documents. But half month later, he was awarded employee of the year. And more, half year later, his wife was hired as well. And even more surprisingly, similar thing happened not just once.
A recent example, a guy in India, who is the team lead, worked so hard, almost day and night. Then a new manager from nowhere was inserted between him and his manager. We all felt surprised. If this team lead quits the job, the productivity of this function will be cut half, as most other experienced people were gone already.
bureaucracy: before release, testing server got memory issue, and I found the time out setting got extra 0, so it was 10 times as it should be. But the direct manager could not dare to make go/no go decision, then all the managers in the team(big team including other functions) had meeting at least 30 hours long to discuss this go/no go decision.
I am saying this, not because of I got laid off. I had had my chance to move to other team before laid off happened, I chose to stay in order to get severance pay so I could move on. I am saying this just to hope that the current work force can be treated fairly and HSBC can improve. It was HSBC gave me the opportunity to convert myself to be marketable in current job market.
