Latest News About Bank trims automation-led thousands of jobs while artificial intelligence expands efficiency over four years

Updated 2026-06-18 06:30

Standard Chartered announced cuts over 7,000 positions in the coming four years amid its expansion of automation to raise income per employee and lift returns. The move targets back-office and support functions as automation replacing lower-value roles while some workers transition into new positions. Officials say emphasize headcount reductions driven by AI within a broader efficiency push. About 15% of corporate functions will be affected by 2030. The plan signals a broader industry trend toward automation-led workforce changes across back-office and support functions.

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

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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...

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