Standard Chartered to cut thousands of roles as AI use increases

The UK-headquartered banking giant aims to move some of the effected workers to other roles in the business.

StanChart to Cut Corporate Functions Roles by More Than 15% - Bloomberg.com

StanChart to Cut Corporate Functions Roles by More Than 15%  Bloomberg.com

Standard Chartered to cut 15% of back-office jobs as AI use escalates

Bill Winters’ new strategy aims to ‘drive sustainable growth’ at Asia-focused lender

Standard Chartered to cut more than 7,000 jobs as it steps up AI use

London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles Business live – latest updates Standard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence. The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer as it seeks to increase its profitability and tackle competition. Conti...

By Reuters

Standard Chartered to cut over 15% of corporate functions roles as it targets higher returns

Standard Chartered will trim corporate functions roles and target a more than 20% increase in income per employee by 2028 as it seeks stronger returns.

AI in focus as Standard Chartered Bank replaces ‘lower value human capital’, slashing back office workers by 15%

The announcement of stiff job cuts at Standard Chartered reignites fears of sweeping changes in th employment market caused by automation and widespread adoption of AI to perform tasks previously the responsibility of humans.

By Jules Rimmer

Standard Chartered to cut around 7,800 jobs as AI use increases

The London-based company did not reveal the locations affected by the plans

By Henry Saker-Clark

StanChart to slash almost 8,000 jobs in AI push - The Straits Times

StanChart to slash almost 8,000 jobs in AI push  The Straits Times

Standard Chartered to cut over 15% of corporate roles by 2030, raises profit targets

Standard Chartered to axe thousands of jobs due to AI adoption

British banking major Standard Chartered announced on Tuesday plans to slash thousands of jobs by 2030 as artificial intelligence replaces employees in a range of administrative ro...

Standard Chartered to cut thousands of roles as AI use increases

Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI).

By Abubakar Ibrahim