Standard Chartered Joins AI Layoff Wave With Over 7,000 Job Cuts Planned

Kamina Bashir

(04:42 AM UTC)

1 min read

Standard Chartered will cut more than 15% of corporate function roles by 2030 as the UK-headquartered bank scales up the use of artificial intelligence.

The bank confirmed the plan in a strategy update to investors alongside fresh profitability targets.

Banking Giant Standard Chartered to Cut Thousands of Jobs

The banking giant’s restructuring is set to eliminate over 7,000 positions…

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