Standard Chartered is cutting 8,000 jobs cites AI automation

Standard Chartered is cutting 8,000 jobs. Here's where it's focused on automating...

“We don’t have job losses, but we do have job role reductions in favor of the machines, and that will accelerate.”

Kiera Fields

May 19, 2026 - 4 min read

“Today, we have a human in the loop and believe AI is more about augmentation than replacing people,” said Standard Chartered's Group CIO Guillermo Veiga on April 23.

Less than a month later, the London-headquartered bank announced it was cutting 8,000 jobs – more than 15% of its corporate workforce – in a statement on Tuesday.

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