{"id":216224,"date":"2026-05-19T02:51:00","date_gmt":"2026-05-19T06:51:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/19\/stanchart-to-cut-more-than-7000-jobs-as-bank-steps-up-ai-adoption-the-mighty-790-kfgo\/"},"modified":"2026-05-19T05:20:16","modified_gmt":"2026-05-19T09:20:16","slug":"stanchart-to-cut-more-than-7000-jobs-as-bank-steps-up-ai-adoption-the-mighty-790-kfgo","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/19\/stanchart-to-cut-more-than-7000-jobs-as-bank-steps-up-ai-adoption-the-mighty-790-kfgo\/","title":{"rendered":"StanChart to cut more than 7,000 jobs as bank steps up AI adoption | The Mighty 790 KFGO"},"content":{"rendered":"<p><a href=\"https:\/\/kfgo.com\/2026\/05\/19\/stanchart-to-cut-more-than-7000-jobs-as-bank-steps-up-ai-adoption\/\">StanChart to cut more than 7,000 jobs as bank steps up AI adoption | The Mighty 790 KFGO<\/a><\/p>\n<p><a href=\"https:\/\/kfgo.com\/2026\/05\/19\/stanchart-to-cut-more-than-7000-jobs-as-bank-steps-up-ai-adoption\/\">https:\/\/kfgo.com\/2026\/05\/19\/stanchart-to-cut-more-than-7000-jobs-as-bank-steps-up-ai-adoption\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-19 02:51:00<\/a><\/p>\n<p>Source Domain: <a href=\"kfgo.com\">kfgo.com<\/a><\/p>\n<ul>\n<li>Standard Chartered plans to cut more than 7,000 jobs over the next four years to integrate artificial intelligence in its operations.<\/li>\n<li>The bank aims to increase its profitability by automating lower-value human roles and focusing on high-margin businesses.<\/li>\n<li>Standard Chartered targets a 15% return on tangible equity by 2028, reflecting higher shareholder returns than previous estimates.<\/li>\n<li>CEO Bill Winters emphasized that the job cuts are part of a strategy to streamline operations using AI rather than cost-cutting.<\/li>\n<li>Job reductions will predominantly affect back-office centres in locations like Chennai, Bangalore, Kuala Lumpur, and Warsaw.<\/li>\n<li>The bank pulled forward its goal to attract $200 billion of net new money to 2028 and reported higher wealth revenue and new client money in Q1.<\/li>\n<li>Standard Chartered remains confident in its ability to meet targets despite geopolitical uncertainties, having set aside $190 million in precautionary provisions relating to the Middle East conflict.<\/li>\n<li>The bank recently appointed Manus Costello as its permanent CFO, succeeding Diego De Giorgi.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>StanChart to cut more than 7,000 jobs as bank steps up AI adoption | The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":216225,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/storage.googleapis.com\/media.mwcradio.com\/mimesis\/2026-05\/19\/2026-05-19T060928Z_1_LYNXMPEM4I08R_RTROPTP_3_STANCHART-RESULTS.JPG","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-216224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/216224"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=216224"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/216224\/revisions"}],"predecessor-version":[{"id":216227,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/216224\/revisions\/216227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/216225"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=216224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=216224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=216224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}