Standard Chartered Bank announced that it will lay off nearly 8,000 people in the next four years.

Standard Chartered Bank announced plans to reduce its corporate functional department positions by more than 15% by 2030, involving nearly 8,000 job positions. Standard Chartered Bank has nearly 82,000 employees worldwide, with over 52,000 of them being backend staff. With the advancement of artificial intelligence technology and its widespread use in the financial sector, some financial institutions have recently announced layoffs. Prior to this, Singapore's DBS Bank announced plans to lay off nearly 4,000 people in the next three years.