<ul data-eligibleForWebStory="true"><li>Standard Chartered has let go 80 employees in Singapore, mainly from tech and operations, with plans to offshore roles to India.</li><li>The bank aims to save millions of dollars by cutting costs, having previously cut about 100 jobs in London, Hong Kong, and Singapore.</li><li>Reportedly, $400 million has already been saved, with plans to save an additional $1 billion.</li><li>The job cuts are part of the ‘Fit for Growth’ restructuring plan to repay over $1 billion to shareholders.</li><li>Despite the layoffs, job openings are available in Singapore across tech, marketing, and operations teams.</li><li>Standard Chartered is seeking engineering and digital product-development talent.</li><li>Recently, the bank introduced SC GPT, a generative AI tool to enhance productivity and innovation globally.</li><li>SC GPT aims to streamline operations, improve sales and marketing initiatives, accelerate software development, and strengthen risk management.</li><li>The AI platform is part of the bank’s broader digital strategy to embed AI responsibly across its global operations.</li></ul>

Is StanChart cutting jobs in Singapore and offshoring roles to India?

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