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StanChart to cut more than 7,000 jobs as bank steps up AI adoption - CNA
StanChart's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to improve efficiency.
Banks globally are also scrambling to integrate frontier AI models and fend off rising cyber threats.
The most affected roles will be with the bank's back-office centres, including those in Chennai, Bangalore, Kuala Lumpur and Warsaw, according to Winters.
u/777ABC — 3 days ago