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Standard Chartered To Slash Jobs Due To AI
(MENAFN- The Peninsula)
AFP
London, United Kingdom: British bank Standard Chartered said Tuesday that it planned to axe thousands of jobs by 2030 as artificial intelligence replaces employees in a range of administrative roles.
"Our next phase of our growth will be supported by a simpler, faster and more connected operating model," the Asia-focused lender said in a statement.
It plans to cut more than 15 percent of the roles identified, amounting to around 7,800 posts.
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