HSBC could cut around 20,000 roles over coming years as big banks grow more open about AI's toll on their workforces

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.

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.

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