{"id":216336,"date":"2026-05-19T04:31:00","date_gmt":"2026-05-19T08:31:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/19\/standard-chartered-to-cut-more-than-7000-jobs-as-it-steps-up-ai-use-standard-chartered\/"},"modified":"2026-05-19T07:55:20","modified_gmt":"2026-05-19T11:55:20","slug":"standard-chartered-to-cut-more-than-7000-jobs-as-it-steps-up-ai-use-standard-chartered","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/19\/standard-chartered-to-cut-more-than-7000-jobs-as-it-steps-up-ai-use-standard-chartered\/","title":{"rendered":"Standard Chartered to cut more than 7,000 jobs as it steps up AI use | Standard Chartered"},"content":{"rendered":"<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/may\/19\/standard-chartered-bank-cut-jobs-ai-london\">Standard Chartered to cut more than 7,000 jobs as it steps up AI use | Standard Chartered<\/a><\/p>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/2026\/may\/19\/standard-chartered-bank-cut-jobs-ai-london\">https:\/\/www.theguardian.com\/business\/2026\/may\/19\/standard-chartered-bank-cut-jobs-ai-london<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-19 04:31:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.theguardian.com\">www.theguardian.com<\/a><\/p>\n<ul>\n<li>Standard Chartered plans to cut about 7,800 jobs by 2030, representing 15% of its back-office roles.<\/li>\n<li>The cuts aim to make operations slimmer through the use of artificial intelligence (AI) and automation to improve efficiency and increase profitability.<\/li>\n<li>The majority of the job cuts will affect back-office employees in centres located in Chennai, Bengaluru, Kuala Lumpur, and Warsaw.<\/li>\n<li>CEO Bill Winters emphasizes that the job reductions are not driven by cost-cutting, but rather by replacing lower-value human roles with investment capital driven by AI.<\/li>\n<li>Standard Chartered is part of a broader trend of global firms using AI to streamline operations and cut costs but explicitly linking job cuts to the deployment of AI technology.<\/li>\n<li>The global banking industry is seen to be at risk by AI, with an estimated 200,000 European banking jobs potentially affected by 2030.<\/li>\n<li>The job cuts come as part of Standard Chartered&#8217;s decade-long transformation to become a steadily profitable lender and amid global financial uncertainty, including geopolitical risks in key markets like the Middle East.<\/li>\n<li>The bank remains committed to delivering stronger growth despite these uncertainties, highlighting its resilience.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Standard Chartered to cut more than 7,000 jobs as it steps up AI use |&#8230;<\/p>\n","protected":false},"author":1,"featured_media":216337,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/i.guim.co.uk\/img\/media\/1662f96bdde2498c88b3726b058880e8632c5311\/289_0_2970_2377\/master\/2970.jpg?width=1200&height=630&quality=85&auto=format&fit=crop&precrop=40:21,offset-x50,offset-y0&overlay-align=bottom%2Cleft&overlay-width=100p&overlay-base64=L2ltZy9zdGF0aWMvb3ZlcmxheXMvdGctZGVmYXVsdC5wbmc&enable=upscale&s=f401ccc118d324a3f066a1bfa2cd1ec0","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-216336","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\/216336"}],"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=216336"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/216336\/revisions"}],"predecessor-version":[{"id":216338,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/216336\/revisions\/216338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/216337"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=216336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=216336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=216336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}