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 will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming ...

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 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 ...

Standard Chartered has said it plans to cut around 7,800 jobs as it ramps up the use of AI across its operations. The London-based banking giant said it will cut more than 15% of back-office roles by ...

Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm, which has its headquarters in the UK, ...

May 21 (Reuters) - Hong Kong and Singapore regulators have sought clarity from Standard Chartered after CEO Bill Winters said the global lender plans to replace "lower-value human capital" with ...