HSBC is planning further job cuts to its 238,000 workforce, a person familiar with the matter said Monday, as interim chief executive Noel Quinn looks to make his mark on the bank as he competes for the top job.

The cuts are in addition to around 5,000 job cuts that were announced earlier this year. Up to 8,000 jobs would leave the bank under plans to sell its French retail banking unit, first reported by The Wall Street Journal in September.