AGP Executive Report
Last update: 40 minutes agoAI Job Cuts, Banking Edition: Standard Chartered says it will cut 15% of support roles by 2030 as it scales AI automation, with “role reductions” replacing “lower-value human capital.” Public Sector Reshuffle: New Zealand plans a 14% public service job cull over three years, targeting 8,700 fewer roles by mid-2029 as departments merge and AI/digital tools expand. India Hiring Signals: IIT Bombay’s placement rate dips to 70% for 2024-25, but average salary rises to Rs 26.45 lakh—more pay, fewer offers. Road Safety + AI: India’s road-safety hackathon pushes AI into accident prevention, aiming to move beyond enforcement-only fixes. Philippines Banking Security: Banks are phasing out SMS OTPs for high-risk transactions from 30 June 2026, shifting toward app-based approvals and stronger checks. China Economy Watch: China’s April growth loses steam, with retail sales weak—export strength helps, but domestic demand still drags. Workforce Policy: Telangana raises the upper age limit for direct recruitment by 10 years (for one year) to widen eligibility.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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