Standard Chartered Announces Workforce Reduction and Higher Profitability Targets
Standard Chartered plans to cut over 15% of support roles by 2030 as part of a strategy to increase income per employee by more than 20% by 2028. The bank also raised its profitability targets, aiming for a return on tangible equity of 15% in 2028 and 18% in 2030.
Topics: 2030 strategy layoffs profitability targets Standard Chartered