Technology · 19 May 2026

Standard Chartered cutting 8,000 jobs with AI

People working in banking support roles face job losses as financial companies increasingly adopt new technology. UK lender Standard Chartered plans to remove thousands of back office and corporate function positions. This move is projected to cut between 7,000 and 8,000 jobs, representing more than 15% of these roles, by 2030, driven by the adoption of artificial intelligence.

By BriefTea Editorial · 19 May 2026 at 4:30

Reported by fnlondon.com · How we write briefs

Get the app

More briefs

WorldTurkey, Saudi Arabia and Pakistan to discuss new mutual protection deal on Monday WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half Browse all stories →