StanChart to Cut Thousands of Jobs in AI Push
Bloomberg Tech
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Generative AI
Standard Chartered said it plans to eliminate thousands of roles over the next four years, joining the ranks of global lenders using artificial intelligence to trim headcount. “It’s not about cost cutting," Chief Executive Officer Bill Winters said at a press briefing in Hong Kong. "It's about having a structurally productive environment that is fit for future." Bloomberg's Tom Metcalf reports.