Absolutely no question about it. Sent from my iPhone > On May 18, 2026, at 21:23, Dick Williams > <[email protected]> wrote: > > Standard Chartered Plc plans to cut support roles by more than 15%, joining > other lenders to use artificial intelligence to replace workers, as it raised > its return targets over the next four years. > The bank said it would drive productivity improvements to raise income per > employee by about 20% by 2028, aided by a reduction in corporate functions > roles of more than 15% by 2030, according to a statement on Tuesday. These > roles are largely back-office support roles. > The lender also laid out new return targets, including a 3 percentage point > improvement in return on tangible equity to 15% in 2028 and then to 18% by > 2030. It will also seek to improve costs to income ratio to 57% in 2028. > Basically, almost every business is going to drive higher earnings via fewer > employees due to AI. > Sent from Yahoo Mail for iPhone > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN
---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
