Standard Chartered Layoffs: Banking Giant To Reduce Back-Office Workforce by 15% in AI-Driven Restructuring

Banking giant Standard Chartered is cutting roughly 7,800 back-office roles - more than 15 per cent of its administrative workforce - by 2030 to accelerate its adoption of AI and automation. The UK-headquartered firm, which plans to redeploy some affected staff, joins a growing list of major tech and finance companies shrinking headcounts.