Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage (Arjun Neil Alim/Financial Times)

3 weeks ago 8

Arjun Neil Alim / Financial Times:
Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage — Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’

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