Standard Chartered to Cut More Than 100 Jobs, Bloomberg Reports
June 08 2023 - 05:39AM
Dow Jones News
--Standard Chartered is laying off employees across its offices
in Hong Kong, Singapore and London as the bank executes its plan to
cut costs by more than $1 billion through 2024, Bloomberg reports
citing unnamed sources.
--The cuts so far include roles in middle-office functions,
managing directors and some junior staff, with more than 100 roles
targeted though a final number hasn't yet been decided, according
to Bloomberg.
Full story: https://tinyurl.com/sa8w5sfv
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
June 08, 2023 05:24 ET (09:24 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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