# The global lender plans to eliminate more than 7,000 positions over the next four years.

*fintech · news · 2026-05-19 · Times Now*

## Key points

- Standard Chartered plans to cut over 7,000 jobs in corporate functions by 2030.
- The bank explicitly links these job reductions to accelerated AI adoption in operations.
- Largest job impacts will occur at service centres in Chennai, Bangalore, Kuala Lumpur, and Warsaw.
- Standard Chartered has raised its ROTE profitability target above 15% by 2028, aiming for 18% by 2030.
- The bank moved its $200 billion net new money wealth-management target up to 2028 from 2029.

**Companies:** Standard Chartered
**Countries:** United Kingdom, India, Malaysia, Poland

[Read the full story on Times Now](https://www.timesnownews.com/business-economy/companies/standard-chartered-layoffs-why-banking-giant-is-planning-to-fire-over-7000-employees-article-154349900)

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