StanChart, Meta Join AI Push With Job Cuts
Standard Chartered plans to eliminate close to 8,000 support roles over the next four years, scaling practical uses of AI to streamline processes, and Meta Platforms is reassigning 7,000 workers to new jobs related to AI. Tom Metcalf has more on "Bloomberg Open Interest." (Source: Bloomberg)
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 to Cut Thousands of Jobs in AI Push Bloomberg —
- Standard Chartered to slash workforce by 15% over AI Semafor —