Standard Chartered plans to cut 7,800 back-office jobs by 2030 as it expands AI use and targets 18% return on equity.

Standard Chartered plans to eliminate more than 7,000 jobs over four years as it increases AI adoption and automation to improve profitability and streamline operations.

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered plans to cut more than 7,000 jobs over the next four years as it boosts adoption of artificial intelligence while targeting growth. The ...

Standard Chartered plans to cut 7,000 jobs as part of its strategy to boost returns on tangible equity to 18% by 2030, focusing on efficiency and wealth business expansion.

Standard Chartered plans to cut about 7,000 jobs globally as it ramps up AI adoption to streamline operations and lift returns, with back-office hubs including India likely to be impacted ...

Standard Chartered became the first major global bank on Tuesday to formally attach a specific headcount-reduction number and a deadline to AI deployment, announcing at its investor and analyst day in ...

CEO Bill Winters said the bank will use artificial intelligence and automation to replace 'lower-value human capital' while ...

The bank said it will cut more than 15 per cent of support staff by 2030. Read more at straitstimes.com. Read more at straitstimes.com.

Standard Chartered will cut 7,000 jobs, or 15% of its corporate functions, by 2030. The lender is scaling up AI adoption to streamline operations, targeting back-office centres in Chennai, Bangalore, ...

Standard Chartered CEO Bill Winters apologises after criticism over his “lower-value human capital” remarks linked to AI-led job cuts, while the bank says employee reskilling and workforce transition ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The job cuts will be targeted at back office functions, ...

The huge bank is cutting 15% of its back-office roles by 2030 ...