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StanChart Cuts Jobs in Singapore, Moves Them to India: Jobs Portal
The Straits Times
|June 19, 2025
About 80 from tech and ops teams affected, according to global financial services firm
Dozens of staff at Standard Chartered have reportedly been laid off in Singapore in a fresh round of job cuts by the London-based bank.
The move affected about 80 Singapore-based employees – understood to be from the bank's technology and operations teams – with their jobs being offshored to India, according to finance jobs portal efinancialcareers.
In a website article published on June 12, the global financial services company noted that "sources at the bank in Singapore said the 80 jobs currently being offshored to India are likely only the start".
"Singapore remains a critical centre for their global businesses and technology and operations teams," a StanChart spokesman said when contacted by ST, without providing details such as whether the job cuts are part of the bank's plan to save costs in a bid to return capital to shareholders.
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