Standard Chartered announced cuts 7,000+ positions over the next four years as its expansion of artificial intelligence to raise productivity to lift returns. The plan affects corporate functions with automation replacing routine tasks while some workers transition into alternative roles. Executive comments note AI-driven headcount reductions as part of a broader efficiency push. Over 15% of corporate functions are affected by 2030. This move signals a broader industry trend towards automation-led workforce shifts across back-office and support functions.
Standard Chartered said it will cut more than 7,000 jobs over the next four years as it increases its use of artificial intelligence and automation. The bank plans to reduce more than 15% of roles in its corporate functions by 2030. The lender said the cuts are part of a wider push to improve produ...
www.alphaspread.comStandard 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.
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www.tomshardware.comThe lender says automation and artificial intelligence will drive a major overhaul of back-office roles
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