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Standard Chartered plans 8,000 back-office job cuts by 2030
Standard Chartered plans to cut nearly 8,000 back-office roles by 2030, citing AI adoption as a driver of the 15%-plus reduction in support functions across hubs including Bengaluru.
Arjun Neil Alim / Financial Times: Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage — Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’
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