StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital'
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HONG KONG, May 19 : Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming one of the top names in finance to target headcount cuts using artificial intelligence. The London-headquartered lender on Tuesday cited AI as a driver to make its operations slimmer in its goal to increase profitability and tackle competition. StanChart said it would cut 15 per cent of its corporate function roles by
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