StanChart CEO Seeks to Calm Staff After Announcement of AI-Driven Role Reductions
Standard Chartered's chief executive, Bill Winters, sent a memo to staff reassuring them after the bank announced plans to reduce some roles and deploy technology, including AI, to reshape parts of its workforce. The bank intends to cut 15% of its corporate function roles by 2030, a change that would translate to nearly 8,000 positions from more th…