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 has announced plans to cut approximately 7,000 jobs as part of a strategic shift toward automation and artificial intelligence. The bank aims to replace what it describes as "lower-value human capital" by focusing on AI-driven processes and reducing its reliance on manual roles.

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