Standard Chartered: 7,000 jobs cut
Standard Chartered has announced plans to lay off over 7,000 employees as part of a strategy to streamline operations and enhance profitability through the adoption of artificial intelligence. The cuts will affect 15% of its corporate function roles by 2030, with a total workforce of approximately 82,000. The bank's CEO emphasized that the layoffs are aimed at replacing lower-value human capital with technology.
Conservative
7,000
Core Estimate
7,000
Upper Bound
7,000
Sources
Job cuts lay offs news: StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reason - The Economic Times
Job cuts lay offs news: StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reason - The Economic Times FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return23.67 % Invest Now Business News› News› International› US News›StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reason ##### The Economic Times daily newspaper is available online now. # StanChart announces massive