The jobs are being transferred to India, China and Poland, and the bank said it is “standard practice that a period of handover is required when roles are relocated”, according to The Star.
HSBC made a £13bn profit last year and many people across the city and the country will see job cuts like these as the “unacceptable face of big business”, said the Sheffield MP Louise Haigh.
“The plan to ask soon-to-be redundant HSBC workers to train up those taking their jobs is completely demeaning.
“I have written to the Head of UK HSBC to ask that they retain enough knowledge and skill in the UK to train up new staff and to ensure soon-to-be-redundant staff are not put through such a demeaning process.”
Skilled jobs were shipped out of Sheffield with “scant regard” for the highly trained workers or the communities who relied on them, Haigh added.
In the US, the Democratic presidential candidate Bernie Sanders has this week criticised Disney for using H-1B visas to replace 250 American IT workers with foreign labour.
The Disney IT employees claimed they were told they would be kept on for 90 days in order to train their replacements.
While campaigning in Anaheim, California (where Disneyland is based), Sanders said that “in order to save money, what they did is replace workers”.
"They got rid of them and brought in other people and had the tech workers train the other people,” said Sanders.
In March 2016, Leo Perrero, a former IT worker at Disney World, broke down during a Senate Subcommittee hearing when discussing how it felt to sit there and train the person who is taking his job.
In a decision which has been described as “completely demeaning”, HSBC in the UK has announced it is cutting 595 IT jobs and asking some of the workers to train their foreign replacements.