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Standard Chartered Bets Big on AI, Plans Job Cuts
Published 1 week, 1 day ago
Description
Standard Chartered, a UK-based bank, is undergoing a strategic overhaul, aiming to leverage AI and automation to streamline operations and enhance efficiency. This shift is reflected in their plan to cut over 15% of corporate jobs by 2030, as they strive to achieve a return on tangible equity of over 15% by 2028 and reduce their cost-to-income ratio significantly.
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