Latest News About Bank trims AI-driven over 7,000 jobs while artificial intelligence expands cost savings over four years

Updated 2026-06-18 06:30

The bank announced cuts more than 7,000 positions in the coming four years as its use of AI to boost income per employee to lift returns. The plan targets corporate functions as automation replacing lower-value roles and some workers transition into new positions. Officials say emphasize headcount reductions driven by AI as part of an efficiency initiative. About 15% of corporate functions are affected by 2030. The plan suggests a lasting shift toward automation-led workforce changes across back-office and support functions.

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Standard Chartered to Cut 7,800 Jobs Amid AI Shift | EasternEye

The lender says automation and artificial intelligence will drive a major overhaul of back-office roles

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Standard Chartered to Cut Nearly 8,000 Jobs in AI-Driven Overhaul

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Standard Chartered to cut 7,000 jobs as AI replaces 'lower-value ...

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.com

Standard Chartered plans to cut 7000 jobs in AI push

Is AI more valuable than people?

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Standard Chartered to Cut More Than 7,000 Jobs as It Expands AI ...

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...