Nairobi, May 3 -- Standard Chartered Bank Kenya has cut its workforce to below 1,000, extending a long-running downsizing cycle that reflects its deepening shift to digital banking.

The lender's latest annual report shows staff numbers fell to 942 at the close of last year, down from 1,001 in 2024, marking the 11th consecutive year of job cuts as automation reshapes operations.

The latest reduction came with redundancy costs of Sh112.27 million, down from Sh580.1 million spent in 2024, signalling a slower pace of layoffs even as restructuring continues.

Over the past decade, spending on redundancies totals Sh4.71 billion, with Sh2.67 billion incurred in the last six years.

Digital shift

The sustained downsizing underscores StanChart'...