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Cuba is not a threat to US – Miguel Diaz-CanelCBL-514: New Obesity Data RevealedBaku-Tbilisi train resumes: Official statementBitcoin steadies near $77k after four-day slideJapan Airlines signs 10-year maintenance deal with GE AerospaceAstera Labs: AI Infrastructure Growth AnalysisGas explosion in Germany: building completely destroyedStrong 5.8 magnitude earthquake near VanuatuAnzhela Makeyeva Thanks Ilham Aliyev and AzerbaijanDeadly Assault in Egypt: 8 Killed, 5 InjuredCuba is not a threat to US – Miguel Diaz-CanelCBL-514: New Obesity Data RevealedBaku-Tbilisi train resumes: Official statementBitcoin steadies near $77k after four-day slideJapan Airlines signs 10-year maintenance deal with GE AerospaceAstera Labs: AI Infrastructure Growth AnalysisGas explosion in Germany: building completely destroyedStrong 5.8 magnitude earthquake near VanuatuAnzhela Makeyeva Thanks Ilham Aliyev and AzerbaijanDeadly Assault in Egypt: 8 Killed, 5 Injured
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STOCK MARKETS

StanChart to Cut Over 7,000 Jobs by 2030

StanChart announces job cuts of over 7,000 by 2030, raises profitability target.

John Smith
ByJohn Smith- Senior Editor
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0
StanChart to Cut Over 7,000 Jobs by 2030
Photo: Prepared by Bond.az

Standard Chartered has set a new profitability target, aiming for over 15% return on tangible equity by 2028.

The bank plans to cut more than 7,000 roles by 2030, driven by automation and AI.

CEO Bill Winters says: 'This is not cost-cutting; it's replacing lower-value human capital with financial capital.'

Shares rose 2.3% in Hong Kong.

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