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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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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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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.
