​​Standard Chartered to cut 7,800 jobs across India, China and other hubs

Standard Chartered will cut about 7,800 jobs by 2030, roughly 15 per cent of its corporate functions, with back-office hubs in Bengaluru, Chennai, Shenzhen and Warsaw hardest hit. CEO Bill Winters said the Asia-focused bank is replacing “lower-value human capital” with AI and automation, as StanChart targets an 18 per cent return on tangible equity by 2030 and higher income per employee.