London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles
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Standard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence.
The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer as it seeks to increase its profitability and tackle competition.
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Source link : https://www.theguardian.com/business/2026/may/19/standard-chartered-bank-cut-jobs-ai-london
Author : Reuters
Publish date : 2026-05-19 08:31:00
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