HSBC CEO Urges Staff Not to Resist AI Amid Banking Job Cuts

HSBC and Standard Chartered are implementing job cuts as they integrate artificial intelligence into their operations. HSBC's CEO, Georges Elhedery, encouraged employees not to resist the change, emphasizing that while some jobs will be lost, new roles will emerge.

By By Lawrence White and Selena Li Wed, May 20, 2026 at 1:49 PM GMT+3 3 min read · Yahoo Finance · May 20, 2026, 10:49 UTC

HSBC CEO Urges Staff Not to Resist AI Amid Banking Job Cuts

Tickers: $MS

Topics: AI banking industry executive statements job cuts

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