Standard Chartered plans to reduce 15% of its back-office corporate roles by 2030, resulting in about 7,800 job cuts out of over 52,000 staff in these functions. The bank, headquartered in London with nearly 82,000 employees globally, is using artificial intelligence and automation to streamline operations and improve profitability. Most affected roles will be in back-office centers in Chennai, Bengaluru, Kuala Lumpur, and Warsaw. CEO Bill Winters emphasized the move is about investing in technology and reskilling staff rather than just cost-cutting, as the bank aims to strengthen growth amid geopolitical uncertainties and rising competition.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
Crypto investigator ZachXBT criticized all current hardware wallets as insecure and unreliable for signing transactions or storing significant funds. He highlighted Ledger as particularly problematic due to frequent updates that disrupt basic functio...
DMG Blockchain Solutions announced two strategic investments: one in MeetAmi Innovations, a Canadian fintech offering digital asset wealth management platforms, and another in Atomic47 Labs, an AI company focused on secure, sovereign AI infrastructur...
