# StanChart will eliminate more than 7,000 jobs over the next four years.

*genai · news · 2026-05-19 · The Economic Times*

## Key points

- Standard Chartered will cut over 7,000 jobs by 2030, driven chiefly by AI-enabled automation.
- 15% of corporate function roles will be eliminated, mainly in Chennai, Bengaluru, Kuala Lumpur, and Warsaw.
- The bank advanced its $200 billion net new money target from 2029 to 2028.
- Manus Costello was appointed permanent CFO, succeeding Diego De Giorgi who resigned in February.

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

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/international/us/stanchart-announces-massive-job-cuts-standard-chartered-to-lay-off-over-7000-employees-check-deadline-reason/articleshow/131195996.cms)

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