British multinational bank Standard Chartered just announced that it will cut 15% of corporate roles through 2030 and replace 'lower-value human capital' with AI. According to a Reuters estimate, this accounts for about 7,000 positions across the bank’s 52,000 employees executing corporate functions, or more than 8.5% of its total workforce of 82,000. The lender made this announcement as it set higher goals for the same period, aiming to increase its return on tangible equity to 18% during the same period, 6% increase from what it achieved in 2025.
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