CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".

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.

Standard Chartered plans to cut thousands of back-office jobs over the next four years. The bank is thereby joining the ranks of global institutions seeking to reduce headcount…

Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better returns on AI investments. Instead,…

HSBC CEO warns AI will displace jobs but also create new opportunities, emphasizing workforce retraining amid industry changes.