Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal

Standard Chartered cuts jobs in Singapore; moves them to India: Finance jobs portal

Affected employees in Singapore include those from the technology and operations teams. Read more at straitstimes.com.

After Standard Chartered offshores jobs to India, Reddit user asks what S'poreans are doing to protect themselves

SINGAPORE: Reports that Standard Chartered laid off 80 staff members in Singapore to offshore these roles to India appear to have sent a chill among some employees. One Reddit user immediately took to the platform to ask how others are protecting themselves. The company offshored roles in Singapore, mainly from its technology and operations teams, […] The post After Standard Chartered offshores jobs to India, Reddit user asks what S’poreans are …

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Standard Chartered has laid off approximately 80 employees in Singapore, primarily from its technology and operations departments, and relocated the roles to India. The job cuts are part of the bank's “Fit for Growth” cost-saving initiative, which is aimed at trimming US$1.5 billion (S$2 billion) in expenses between 2024 and 2026. The "Fit for Growth" initiative has already seen the bank exceed its fourth-quarter earning estimates, leading to th…

Is StanChart cutting jobs in Singapore and offshoring roles to India?

Standard Chartered has been trying to cut costs and save millions of dollars. As part of this endeavour, the bank has let go 80 employees in Singapore, primarily from tech and operations. These roles are reportedly set to be offshored to India. In November 2024, StanChart had let go about 100 jobs in London, Hong Kong and Singapore. Having already saved about $400 million, as reported by eFinancialCareers, the bank is now set to save $ 1 billion…

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Standard Chartered has laid off approximately 80 employees in Singapore, primarily from its technology and operations departments, as the London-headquartered bank begins relocating certain roles to India. The job cuts come amid the bank’s wider restructuring under its “Fit for Growth” cost-saving initiative aimed at trimming US$1.5 billion (S$2 billion) in expenses between 2024 and 2026. According to a 12 June article by eFinancialCareers, whic…

Standard Chartered lays off 80 employees in Singapore, offshores positions to India

Standard Chartered has reportedly laid off dozens of employees in Singapore. Around 80 employees, primarily from the London-based bank’s technology and operations departments, were affected, with the positions being offshored to India, according to finance jobs portal eFinancialCareers. In a June 12 article, the platform cited sources within the bank who suggested that the offshoring of these jobs to India is “likely only the start.” When contac…