Standard Chartered plans to cut 7,000 jobs as it pushes into AI — lender wants to replace ‘lower-value human capital’ and focus on automation

Standard Chartered plans to cut about 15% of corporate roles by 2030, or roughly 7,000 jobs.

The bank is automating more back-office functions and shifting investment toward AI and other capital spending.

The move highlights how major lenders are using AI to reshape operations and reduce headcount.

Workers in locations including Chennai, Bengaluru, Kuala Lumpur and Warsaw could be affected.