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 cutting over 7,000 jobs over the next four years, proudly citing AI as the reason they can make humans redundant. The bank promises to 'move some workers to new roles,' which is corporate speak for 'good luck updating your LinkedIn.' Another day, another major institution discovering that replacing people with algorithms makes the quarterly earnings call sound cooler.