Standard Chartered Bets Big on AI, Plans Job Cuts

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. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a9921c94f97ea0b4