{"id":44855,"date":"2026-05-21T23:45:49","date_gmt":"2026-05-21T23:45:49","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/44855\/"},"modified":"2026-05-21T23:45:49","modified_gmt":"2026-05-21T23:45:49","slug":"standard-chartered-boss-says-ai-to-replace-7000-lower-value-human-jobs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/44855\/","title":{"rendered":"Standard Chartered boss says AI to replace 7,000 &#8216;lower value human&#8217; jobs"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/05\/3f3854e652ba747953408dabba588210.jpeg\" alt=\"Standard Chartered boss says AI to replace 7,000 'lower value human' jobs\" loading=\"eager\" height=\"628\" width=\"960\" class=\"yf-lglytj  loaded\"\/> Standard Chartered boss says AI to replace 7,000 &#8216;lower value human&#8217; jobs Proactive uses images sourced from Shutterstock      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/finance.yahoo.com\/quote\/STAN.l\" data-ylk=\"slk:Standard Chartered PLC (LSE:STAN);elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Standard Chartered PLC (LSE&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Standard Chartered PLC (LSE:STAN)<\/a> has become one of the first global banks to openly tie large-scale job cuts to the rise of artificial intelligence, with chief executive Bill Winters saying automation would replace \u201clower-value human capital\u201d across the business.<\/p>\n<p class=\"yf-1fy9kyt\">The Asia-focused lender said it plans to cut more than 15% of roles in corporate functions by 2030 as it pushes ahead with AI adoption and wider automation efforts. Based on current staffing levels, that equates to more than 7,000 jobs.<\/p>\n<p class=\"yf-1fy9kyt\">The cuts form part of a <a href=\"https:\/\/www.londonstockexchange.com\/news-article\/STAN\/standard-chartered-targets-18-rote-in-2030\/17597695\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:broader strategy overhaul;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;broader strategy overhaul&quot;}\" class=\"link \">broader strategy overhaul<\/a> unveiled on Tuesday alongside new profitability targets.<\/p>\n<p class=\"yf-1fy9kyt\">FTSE 100-listed Standard Chartered said it aims to lift return on tangible equity to about 18% by 2030, up from 12% in 2025, while lowering its cost-to-income ratio to about 57%.<\/p>\n<p class=\"yf-1fy9kyt\">Winters told reporters the changes were \u201cnot cost-cutting\u201d but part of a shift towards investing in technology and productivity.<\/p>\n<p class=\"yf-1fy9kyt\">\u201cIt\u2019s replacing in some cases lower-value human capital with the financial capital and the investment capital we\u2019re putting in,\u201d he said, per Reuters.<\/p>\n<p class=\"yf-1fy9kyt\">The bank said AI and advanced analytics would be used to streamline processes, improve decision-making and increase efficiency.<\/p>\n<p class=\"yf-1fy9kyt\">The biggest impact is expected to fall on back-office operations in centres including Chennai, Bangalore, Kuala Lumpur and Warsaw, Reuters reported.<\/p>\n<p class=\"yf-1fy9kyt\">Standard Chartered, which employs about 82,000 staff globally, said it would continue investing heavily in wealth management and cross-border banking as it targets faster long-term growth.<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered boss says AI to replace 7,000 &#8216;lower value human&#8217; jobs Proactive uses images sourced from Shutterstock&hellip;\n","protected":false},"author":2,"featured_media":44856,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[20691,21561,20677],"class_list":["post-44855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-bill-winters","tag-human-capital","tag-standard-chartered"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116615235957307446","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/44855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=44855"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/44855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/44856"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=44855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=44855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=44855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}