AssetID: 55710095
Headline: UNCAPTIONED: Standard Chartered To Cut Thousands Of Jobs Amid Ai Push
Caption: Standard Chartered To Cut Thousands Of Jobs Amid Ai Push. Standard Chartered has announced plans to cut thousands of jobs as it increases its use of artificial intelligence. The banking giant which has its headquarters in the UK, said more than 15% of its back-office workforce, around 7,800 roles — could go by 2030 as part of a wider strategy to improve efficiency and profitability. The company says some employees may be moved into different positions, although details of where cuts will fall have not been confirmed. Standard Chartered has major operations across Asia and Europe, including in India, China, Malaysia and Poland. Chief executive Bill Winters said the bank is expanding its use of automation and AI to streamline decision-making and improve customer service. The move reflects a wider trend, with major companies around the world increasingly replacing some human tasks with AI technology. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Standard Chartered,announced,plans,cut,thousand,jobs,increase,use,artificial intelligence,AI,replace,humans,headquarters,UK,15%,back-office,workforce,efficiency,profitability
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