London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles ...

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

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 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 ...

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 plans to cut 7,000 jobs as the lender ramps up efforts to scale AI adoption to make its operations slimmer and more streamlined, Reuters reported. The bank said it would slash 15% ...

British multinational bank Standard Chartered just announced that it will cut 15% of corporate roles through 2030 and replace 'lower-value human capital' with AI. According to a Reuters estimate, this ...

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 ...

The job cuts would drive productivity improvements to raise income per employee by about 20% by 2028, according to StanChart.

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 ...