Arjun Neil Alim / Financial Times:

Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage  —  Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’

Arjun Neil Alim / Financial Times:

Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage  —  Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’

Source: TechMeme
Source Link: https://www.techmeme.com/260519/p8#a260519p8