Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

HISTORICAL FACTS: 2 | History Defined

StanChart CEO seeks to reassure staff over AI-linked job cuts

Standard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human capital" with technology and AI to boost profitability. He stated that while some roles will reduce or change, new opportunities will emerge, with a focus on reskilling and redeployment.

The Economic Times

The AI blindspot: Layoffs are piling up, but where are the returns?

Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better returns on AI investments. Instead, businesses that invest in their people to guide and scale AI systems see greater financial success. The future of work involves…

The Economic Times

Standard Chartered to Cut 7,000 Back-Office Jobs by 2030: First Major Bank to Put AI on the Layoff Schedule

Standard Chartered became the first major global bank on Tuesday to formally attach a specific headcount-reduction number and a deadline to AI deployment, announcing at its investor and analyst day in Hong Kong that it will eliminate more than 15 percent of its corporate function workforce by 2030.

International Business Times

From analysis to the latest developments in health,
read the most diverse news in one place.

London-based banking giant to cut thousands of jobs by 2030

IN FULL

The Independent UK

Admin Staff Eliminated: UK Bank Standard Chartered Confirms 7,800 Job Cuts As AI Replaces Support Teams

Standard Chartered plans to cut 7,800 support roles by 2030, leveraging AI and automation to enhance productivity and efficiency, marking a significant shift in workforce strategy.

International Business Times UK

Standard Chartered plans to cut 7,000 jobs in AI push — lender wants to replace ‘lower-value human capital’ and focus on automation

Standard Chartered says that it will trim a huge number of positions from its back offices in a bid to increase automation.

Tom’s Hardware

Elon Musk loses his court battle against Sam Altman's OpenAI, but vows to keep fighting

A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the public about their plans to transform the once charity into a for-profit entity. Also in the business news this Tuesday, Standard Chartered cuts thousands of…

France 24

Read news from The Economist, FT, and more,
with one subscription

Standard Chartered to cut more than 7,000 jobs as it steps up AI use

London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles

The Guardian - UK

StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reason

StanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to improve efficiency.

The Economic Times

Incoming Fed chair Kevin Warsh has a difficult boss and a tough job ahead, says StanChart CEO Bill Winters

As Kevin Warsh steps into the role of leading the U.S. Federal Reserve, turbulent waters marked by soaring inflation await him, says StanChart's Winters. While there's a palpable push for interest rate reductions from political circles, some members within the Fed are advocating for hikes instead.

The Economic Times

Standard Chartered to cut around 7,800 jobs as AI use increases

The London-based company did not reveal the locations affected by the plans

The Independent UK

Standard Chartered to cut around 7,800 jobs amid increased AI use

The London-based company did not reveal the locations affected by the plans.

Evening Standard

Standard Chartered to cut over 7,000 jobs as bank steps up AI adoption

HONG KONG — Standard Chartered plans to cut more than 7,000 jobs over the next ‌four years as it boosts adoption of artificial intelligence (AI) while targeting growth.

Bangkok Post

Standard Chartered plans to cut thousands of jobs in AI push

Standard Chartered on Tuesday raised its profitability target, aiming for a return on tangible equity of more than 15% by 2028 and about 18% by 2030, after achieving its earlier 2026 targets ahead of schedule.

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

Motorsport

F1 Academy: Who is the wild card entry for Canada?

Autumn Fisher will make her F1 Academy debut in Montreal as the Standard Chartered-backed wild card entry for the second round of the 2026 season

The Times of India

Dubai news: ‘Evacuate the office?’ Standard Chartered responds to viral rumours in UAE emirate amid Iran vs US-Israel war

Amidst escalating Iran vs US-Israel war, Standard Chartered clarified reports of a Dubai office evacuation, stating it extended existing work-from-home measures as a precaution. The bank emphasised its regional operations remain active. This comes as other financial institutions also implement safety protocols, highlighting Dubai's crucial role as a financial hub…

Fortune

Why the math says AI won't steal your job: this exec found $49k savings per person from reskilling. It's saved $55 million and counting

"If you start thinking of skills, rather than jobs, as the currency of work, what choices would you make in how work gets done?"

Evening Standard

Convatec stars as FTSE 100 closes with little change

It marked the second day in a row the index has closed much as it started, despite headwinds over US tariffs and fears over AI disruption.

Get all your
news in one place.

100's of premium titles.
One news app.

Evening Standard

Standard Chartered cashes in on rising wealth demand as it hikes boss’s pay

Income from the bank’s wealth division soared by nearly a quarter year on year and its global banking arm was up by 15%.

Evening Standard

FTSE 100 Live 24 February: AI disruption fears continue, banking stocks struggle

A mixed performance by the FTSE 100 index today reflected ongoing tariffs uncertainty and AI disruption fears.

The Independent UK

Weak climate targets mean UK banks risk missing out on ‘enormous opportunity’ of Africa’s renewable energy boom

IN FOCUS: ‘Africa will need hundreds of billions of dollars annually by 2030 if it is to meet energy access and development goals,’ one financial expert tells The Independent. Nick Ferris reports

Motorsport

F1 announces new partnership with Standard Chartered as support expands to F1 Academy

Formula 1 and F1 Academy have signed a multi-year partnership with Standard Chartered, making the bank an official F1 partner and supporting the development of female talent through F1 Academy

The Independent UK

F1 signs ‘incredible’ multi-year deal with Liverpool’s long-term sponsor

Formula 1 have penned another lucrative deal just five weeks before the 2026 season gets underway in Australia

Evening Standard

FTSE 100 Live 12 December: GDP reverse fuels rate cut bets, Card Factory slides

The UK economy declined by 0.1% for a second successive month in October, figures today showed.

Fortune

Companies need to take a human-centric approach to AI, experts say, as executives try to shift from experimentation to implementation

“For every dollar that we spend on technology, we should spend three more on people," said Gastón Carrión, Accenture’s APAC lead of talent.

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations