HSBC CEO says AI will destroy and create new jobs, following StanChart’s plan to cut 7,000 jobs - Tekedia

HSBC said generative AI will eliminate some banking jobs while creating new ones, and called for large-scale retraining.

Standard Chartered said it plans to cut more than 7,000 jobs by 2030 as automation replaces lower-value roles.

The comments show major banks moving from AI trials to workforce restructuring, with efficiency gains coming alongside job disruption.