Standard Chartered Preparing Hundreds More Job Cuts
- Reductions will target more junior employees, people say
- Lender paused restructuring in 2020 because of the pandemic
Photographer: Anthony Kwan/Bloomberg
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Standard Chartered Plc is preparing further job cuts as the emerging markets lender continues a restructuring that was postponed by the onset of the pandemic.
The London-headquartered bank is expected to cut several hundred staff next month across its global businesses, with the reductions focused on more junior employees, according to people familiar with the matter. The bank has about 85,000 employees around the world.