Standard Chartered to Cut 7,000 Jobs by 2030 as AI Automation Accelerates

The banking sector's artificial intelligence revolution has claimed its latest casualty as Standard Chartered announced plans to eliminate than 7,000 roles by 2030, marking one of the most significant workforce reductions in recent banking history. The London-headquartered institution revealed it will cut over 15% of its corporate function positions as automation and AI technologies fundamentally reshape how financial institutions operate.