StanChart is one of the first major global banks to lay out official plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer.

The bank said it will cut more than 15 per cent of support staff by 2030. Read more at straitstimes.com. Read more at straitstimes.com.

The bank said it will cut corporate functions roles by more than 15 per cent by 2030. Read more at straitstimes.com. Read more at straitstimes.com.

Standard Chartered plans to cut 7,000 jobs as it expands AI adoption, streamlines operations and targets higher returns by 2030.