The Latest Breaking News from Standard Chartered

London-based banking giant to cut thousands of jobs by 2030

IN FULL

The Independent UK · May 19

Admin Staff Eliminated: UK Bank Standard Chartered Confirms 7,800 Job Cuts As AI Replaces Support Teams

Standard Chartered plans to cut 7,800 support roles by 2030, leveraging AI and automation to enhance productivity and efficiency, marking a significant shift in workforce strategy.

International Business Times UK · May 19

Standard Chartered plans to cut 7,000 jobs in AI push — lender wants to replace ‘lower-value human capital’ and focus on automation

Standard Chartered says that it will trim a huge number of positions from its back offices in a bid to increase automation.

Tom’s Hardware · May 19

Standard Chartered to cut around 7,800 jobs as AI use increases

The London-based company did not reveal the locations affected by the plans

The Independent UK · May 19

Standard Chartered to cut around 7,800 jobs amid increased AI use

The London-based company did not reveal the locations affected by the plans.

Evening Standard · May 19

Standard ​Chartered to cut over 7,000 jobs as bank steps up AI adoption

HONG KONG — Standard ​Chartered plans to cut more than 7,000 jobs over the next ‌four years as it boosts adoption of artificial intelligence (AI) while targeting growth.

Bangkok Post · May 19

Standard Chartered plans to cut thousands of jobs in AI push

Standard Chartered on Tuesday raised its profitability target, aiming for a return on tangible equity of more than 15% by 2028 and about 18% by 2030, after achieving its earlier 2026 targets ahead of schedule.

The Economic Times · May 19

F1 Academy: Who is the wild card entry for Canada?

Autumn Fisher will make her F1 Academy debut in Montreal as the Standard Chartered-backed wild card entry for the second round of the 2026 season

Motorsport · May 18

Dubai news: ‘Evacuate the office?’ Standard Chartered responds to viral rumours in UAE emirate amid Iran vs US-Israel war

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub…

The Times of India · Mar 13

Why the math says AI won't steal your job: this exec found $49k savings per person from reskilling. It's saved $55 million and counting

"If you start thinking of skills, rather than jobs, as the currency of work, what choices would you make in how work gets done?"

Fortune · Mar 6