Skip to main content
  • Investment Banking

StanChart HR boss: We have no plans for major job cuts

Tanuj Kapilashrami said hybrid employees are more productive than their peers who work 100% from home or the office

'Do I believe at Standard Chartered we’ve got a concerted plan around job cuts? No.'

Chris Ratcliffe/Getty Images
By
Kristen McGachey

Standard Chartered has no plans for major job cuts, its chief human resources officer said, while the bank continues to think hybrid is the best working model.

Over on Wall Street, bankers are bracing for a brutal period of cuts to headcount and pay. Goldman Sachs is cutting 3,200 jobs globally, around 6.5% of headcount, as part of chief executive David Solomon’s plans to rein in costs.

But...