Arabic version: ستاندرد تشارترد ستلغي 7,800 وظيفة بسبب اعتماد الذكاء الاصطناعي

Standard Chartered has announced significant job cuts as it ramps up its use of artificial intelligence (AI). The banking giant will reduce its back-office workforce by more than 15%, translating to approximately 7,800 roles by the year 2030. According to BBC News, the company plans to transition some affected employees to other positions within the organization.

The decision reflects a broader trend among companies worldwide that are increasingly leveraging AI tools to replace human roles. While the specific locations of the job cuts have not been disclosed, Standard Chartered operates significant back-office functions in countries such as India, China, Malaysia, and Poland.

In a statement, the bank emphasized its commitment to enhancing efficiency and client service through the adoption of automation, advanced analytics, and AI technologies. This initiative is part of the strategic vision put forth by CEO Bill Winters, who aims to boost the bank’s profitability.

Standard Chartered joins a growing list of financial institutions that have made similar workforce reductions in response to the rise of AI. Earlier this year, DBS Bank in Singapore announced it would cut about 4,000 contract and temporary roles over the next three years. This pattern of layoffs is also evident in the technology sector, where companies like Meta and Amazon have implemented extensive job cuts as they invest heavily in AI development.