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StanChart Aims to Cut $1 Billion in Costs, Starting with 100 Layoffs
Another major investment bank is initiating a process of laying off employees to cut costs. Standard Chartered Plc is allegedly planning to shed about 100 employees in its main hubs in Hong Kong, London, and Singapore as part of its widespread cost-saving measures.Standard Chartered to Lay Off 100 PeopleAccording to Bloomberg, the Asia-focused lender began downsizing mid-level employment in digital transformation and human resources departments a few weeks ago. This is part of a much larger cost...
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Posted: Jun 8 2023, 06:22
Author Name: financemagnates
Views: 081233