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StanChart to cut more than 7,000 jobs as bank steps up AI adoption

StanChart to cut more than 7,000 jobs as bank steps up AI adoption

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered plans to cut more than 7,000 jobs over the next four years as it boosts adoption of artificial intelligence while targeting growth.
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HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change

HSBC CEO says AI will destroy and create new jobs, urges staff to embrace change

By Selena Li HONG KONG, May 20 (Reuters) - HSBC Chief Executive Georges Elhedery said on Wednesday AI would destroy and create certain jobs in the financial industry, and the bank was retraining its workforce to meet the challenge. 
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Standard Chartered to Cut 7,000 Jobs as AI Reshapes Workforce

Standard Chartered to Cut 7,000 Jobs as AI Reshapes Workforce

Standard Chartered to Cut 7,000 Jobs as AI Reshapes Workforce
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StanChart to Cut Over 7,000 Jobs, Emphasizes AI for Efficiency

StanChart to Cut Over 7,000 Jobs, Emphasizes AI for Efficiency

StanChart to Cut Over 7,000 Jobs, Emphasizes AI for Efficiency
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Standard Chartered to Reduce Back-Office Workforce by 15% in AI Restructuring

Standard Chartered to Reduce Back-Office Workforce by 15% in AI Restructuring

Standard Chartered to Reduce Back-Office Workforce by 15% in AI Restructuring
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StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030

StanChart targets higher return in 2028, plans 15% cut in corporate roles by 2030

HONG KONG, May 19 (Reuters) - Standard Chartered on Tuesday raised its return target to more than 15% in 2028 and said it plans to cut its corporate function roles by about 15% by 2030.
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Standard Chartered to Cut Over 7,000 Jobs by 2030 in AI-Driven Restructuring

Standard Chartered to Cut Over 7,000 Jobs by 2030 in AI-Driven Restructuring

Standard Chartered to Cut Over 7,000 Jobs by 2030 in AI-Driven Restructuring
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Standard Chartered to Cut 8,000 Jobs Amid AI Transformation in Banking Sector

Standard Chartered to Cut 8,000 Jobs Amid AI Transformation in Banking Sector

Standard Chartered to Cut 8,000 Jobs Amid AI Transformation in Banking Sector
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Standard Chartered to Cut 15% of Back-Office Workforce in AI-Driven Restructuring

Standard Chartered to Cut 15% of Back-Office Workforce in AI-Driven Restructuring

Standard Chartered to Cut 15% of Back-Office Workforce in AI-Driven Restructuring
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StanChart's Winters faces test on growth strategy after long turnaround

StanChart's Winters faces test on growth strategy after long turnaround

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered CEO Bill Winters faces a key test on Tuesday to convince investors the bank can build on its long turnaround and deliver stronger growth, even as geopolitical uncertainty clouds the outlook for some of its key markets.
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Standard Chartered to Cut Over 15% of Corporate Roles to Boost Profitability

Standard Chartered to Cut Over 15% of Corporate Roles to Boost Profitability

Standard Chartered to Cut Over 15% of Corporate Roles to Boost Profitability
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Singapore urges financial firms to use AI to create better jobs

Singapore urges financial firms to use AI to create better jobs

By Yantoultra Ngui SINGAPORE, May 20 (Reuters) - Singapore's banks and financial firms should use artificial intelligence to create better jobs and train workers for higher-value roles, not just cut costs, Deputy Prime Minister Gan Kim Yong said on Wednesday.