Standard Chartered to cut more than 7,000 jobs as it steps up AI use
2026-05-19 · AI (artificial intelligence) | The Guardian
Standard Chartered is axing 7,000+ jobs over four years because apparently AI is cheaper than paying humans. The bank promises to 'move some workers to new roles' — corporate speak for 'good luck updating your LinkedIn.' One of the first major global banks to openly blame AI for mass job cuts, setting a lovely precedent for the industry.