All posts tagged: Chartered

Standard Chartered To Replace “Lower-Value Human Capital” With AI As Meta Layoff D-Day Nears

Standard Chartered To Replace “Lower-Value Human Capital” With AI As Meta Layoff D-Day Nears

The white-collar job-loss apocalypse, accelerated by AI, is increasingly concentrated in repetitive, data-intensive, and digitally native roles, with tech firms announcing layoffs one after another. While ‘D-Day’ for Meta layoffs is Wednesday morning, the London-headquartered international bank Standard Chartered announced on Tuesday plans to cut 15% of its corporate roles (or about 7800 jobs) by 2030 as part of a broader efficiency push amid the adoption of AI. STAN also raised its profitability targets, aiming for a 15% return on tangible equity by 2028 and roughly 18% by 2030. “Drive productivity improvements to raise income per employee by ~20 percent by 2028, aided by a reduction in corporate functions roles of >15 percent by 2030,” STAN wrote in a press release. STAN CEO Bill Winters stated in the release, “We are investing in the capabilities that will compound our competitive advantages and drive sustainable growth and higher quality returns over time, with clear targets in place.” To achieve this, Winters explained: “We are scaling practical uses of automation, advanced analytics and artificial intelligence to streamline …

Teacher Development Trust to merge into Chartered College

Teacher Development Trust to merge into Chartered College

More from this theme Recent articles The Teacher Development Trust is to become part of the Chartered College of Teaching, the professional development charity has announced. TDT will be absorbed by the professional body for teachers this summer, in what its leader described as an “exciting” move that will “protect the legacy” of the 14-year-old charity. CEO Gareth Conyard said the decision “follows a period of thoughtful reflection about how best to protect and grow our mission in the long term”. He said TDT has “achieved significant impact” since it was founded in 2012 as a charity focused on improving professional development, working with more than 10,000 teacher and school leaders. “We believe the most responsible next step is to place this work into the stewardship of a larger, values-aligned organisation with the scale, infrastructure and reach to take it further.” Gareth Conyard Conyard described the wider schools market as “a tough place”, adding: “Rather than waiting until circumstances force change, we have chosen to act proactively and strategically, ensuring that our learning, resources and …