genai / news / / The Economic Times
StanChart will eliminate more than 7,000 jobs over the next four years.
Standard Chartered will cut over 7,000 jobs by 2030, driven chiefly by AI-enabled automation.
KEY POINTS
- 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
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