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HSBC CEO Georges Elhedery warns AI will cut banking jobs
HSBC could cut around 20,000 roles over coming years as big banks grow more open about AI's toll on their workforces
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channelnewsasia.com
StanChart to cut more than 7,000 jobs as bank steps up AI adoption
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.
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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…
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dailysabah.com
Standard Chartered to axe thousands of jobs due to AI adoption
British banking major Standard Chartered announced on Tuesday plans to slash thousands of jobs by 2030 as artificial intelligence replaces employees in a...
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tomshardware.com
Standard Chartered plans to cut 7,000 jobs in AI push — lender wants to replace ‘lower-value human capital’ and focus on automation
Is AI more valuable than people?
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scmp.com
HSBC’s CEO says AI will both create and destroy financial industry jobs
Georges Elhedery says HSBC is focused on embracing future challenges, while analysts warn of 7,000 job losses at Standard Chartered by 2030.
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thehindubusinessline.com
AI will destroy some jobs and create new ones, says HSBC CEO
HSBC CEO warns AI will displace jobs but also create new opportunities, emphasizing workforce retraining amid industry changes.
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cityam.com
AI will 'destroy and create jobs,' says HSBC boss
The boss of HSBC said "we all know generative AI will destroy certain jobs and will create new jobs" as he unveiled new tech plans.
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www1.folha.uol.com.br
Não lute contra a IA, diz presidente do HSBC após bancos anunciarem demissões
CEO do banco Standard Chartered causou polêmica ao anunciar demissões para trocar 'capital humano de menor valor' por tecnologia
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StanChart CEO seeks to reassure staff members over 'lower value human capital' comment
The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.
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HSBC CEO appeals to staff not to fight AI as banks begin job cuts
British banking giant HSBC appealed to staff not to fight artificial intelligence on Wednesday, saying it would destroy jobs while creating new ones, as...
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Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".
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independent.co.uk
Standard Chartered boss says AI comments taken ‘out of context’ after backlash
The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations.
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eluniversal.com.mx
La IA destruirá y creará empleos, alerta banco HSBC; insta a trabajadores y al sector financiero a adaptarse | El Universal
"Nuestra primera misión es proporcionar a los empleados formación, capacidades y herramientas de productividad para que estén preparados para el futuro"
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qz.com
HSBC CEO Georges Elhedery warns AI will cut banking jobs
HSBC could cut around 20,000 roles over coming years as big banks grow more open about AI's toll on their workforces
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taipeitimes.com
HSBC tells workers not to resist AI changes - Taipei Times
Bringing Taiwan to the World and the World to Taiwan
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thenationalnews.com
Standard Chartered CEO's 'lower-value human capital' comments draw ire | The National
Bank says chief executive's AI comments were 'taken out of context'
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cryptobriefing.com
HSBC CEO urges staff to embrace AI amid plans to cut 20,000 jobs
HSBC CEO Georges Elhedery urges employees to embrace AI as the bank plans to cut 20,000 jobs, about 10% of its workforce, over the next 3-5 years.
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JPMorgan’s AI push sparks fears of mass job losses on Wall Street
Speaking from Shanghai, Dimon stated, "There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will…
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'It will reduce jobs' - Jamie Dimon sounds off on AI's impact on banks
Jamie Dimon - regarded as one of the world's most influential financial figures - said: "I think [AI} will reduce our jobs down the road."
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businessinsider.com
Jamie Dimon says JPMorgan will probably hire fewer bankers in the future — and more 'AI people'
Dimon said that AI will impact "every job," and acknowledged efficiencies from the technology will lead to downsizing.