AI in focus as Standard Chartered Bank replaces ‘lower value human capital’, slashing back office workers by 15%
The announcement of stiff job cuts at Standard Chartered reignites fears of sweeping changes in th employment market caused by automation and widespread adoption of AI to perform tasks previously the responsibility of humans.
Standard Chartered to cut 7,800 jobs
- Standard Chartered to cut 7,800 jobs across India, China and other hubs as CEO Bill Winters says 'it's not cost cutting, it's...' Times Of India —
- Standard Chartered to cut more than 7,000 jobs as it steps up AI use The Guardian —
- StanChart CEO Winters Says AI to Replace "Lower-Value Human Capital" Bloomberg —
- StanChart, Meta Join AI Push With Job Cuts Bloomberg —
- StanChart to Cut Thousands of Jobs in AI Push Bloomberg —