Standard Chartered To Replace "Lower-Value Human Capital" With AI As Meta Layoff D-Day Nears

Standard Chartered To Replace "Lower-Value Human Capital" With AI As Meta Layoff D-Day Nears The white-collar job-loss apocalypse, accelerated by AI, is increasingly concentrated in repetitive, data-intensive, and digitally native roles, with tech firms announcing layoffs one after another. While 'D-Day' for Meta layoffs is Wednesday morning, the London-headquartered international bank Standard Chartered announced on Tuesday plans to cut 15% of its corporate roles (or about 7800 jobs) by 2030 as part of a broader efficiency push amid the adoption of AI. STAN also raised its profitability targets, aiming for a 15%...