Standard Chartered is gearing up to cut more than 7,000 jobs by 2030, betting that AI and automation can do a growing chunk of work the bank no longer wants to staff in the old way.
CEO Bill Winters was blunt about the direction of travel. This is not just a standard cost-cutting move, he said, but a shift away from “lower-value human capital” and toward technology and investment capital. In other words: fewer back-office jobs, more machines, and a leaner bank
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