The Bad PlaceBloomberg Technology | StanChart, Meta Join AI Push With Job Cuts
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On May 19 2026 Bloomberg reported that both Standard Chartered and Meta are accelerating their AI strategies by cutting jobs: Standard Chartered plans to eliminate roughly 8,000 support positions over the next four years to expand practical AI applications and streamline processes, while Meta Platforms is reassigning about 7,000 employees to new roles focused on artificial‑intelligence projects.
Read more: https://www.bloomberg.com/news/videos/2026-05-19/stanchart-meta-join-ai-push-with-job-cuts-video