Standard Chartered will cut 7,800 back-office jobs to ‘the machines’ by 2030

1. 1Identify areas where automation can replace human labor
2. 2Assess the cost savings of automation versus employee costs
3. 3Develop a plan to implement automation technologies
4. 4Train existing staff to work with automated systems
5. 5Monitor and evaluate the effectiveness of automation

This decision affects HR, risk, and compliance teams, as well as IT and automation specialists who will implement the changes, and business leaders who will oversee the transformation

💡 Automation can significantly increase efficiency and reduce costs in back-office functions

💡 Standard Chartered to cut 7,800 back-office jobs by 2030, replacing with automation to boost income-per-employee by 20%