Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage ... (opens in new tab)

Arjun Neil Alim / Financial Times: Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage — Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’