Standard Chartered says will shed more than 7,000 jobs through 2030 as its expansion of AI to boost productivity to lift returns. The move affects lower-value roles as automation replacing lower-value roles and some workers transition into new positions. Executive comments emphasize AI-driven headcount reductions within an efficiency initiative. Over 15% of corporate functions will be affected by 2030. The plan suggests a lasting shift toward automation-led workforce shifts across support roles.
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.
www.moneycontrol.comThe lender says automation and artificial intelligence will drive a major overhaul of back-office roles
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fesi.ibhe.orgStandard 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...
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