Standard Chartered released a major update to cut more than 7,000 jobs over the next four years, as it increasingly uses artificial intelligence.

One of the prominent global banks has laid out plans to cut its workforce, underlining AI as a driver to make its operations streamline as it seeks to expand its profitability and remain competitive.

The company confirmed on Tuesday it would cut 15% of its office-roles by 2030. This would result in about 7,800 verbosity out of its more than 52,000........

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