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StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital'
HONG KONG, May 19 : Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming one of the top names in finance to target headcount cuts using artificial intelligence.The London-headquartered lender on Tuesday cit
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straitstimes.com
StanChart to slash almost 8,000 jobs in AI push
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.
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StanChart to slash back-office roles to boost returns
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.
