Standard Chartered to cut 7,000 jobs by 2030 as it ramps up AI focus: Report

Iran Herald · May 19, 2026 General

New Delhi [India], May 19 (ANI): Standard Chartered plans to cut 7,000 jobs as the lender ramps up efforts to scale AI adoption to make its operations slimmer and more streamlined, Reuters reported. The bank said it would slash 15% of the corporate functions by 2030.