Standard Chartered CEO Bill Winters reassures staff after backlash over remarks on AI replacing 'lower-value human capital'. Read more at straitstimes.com. Read more at straitstimes.com.

HONG KONG, May 19 : Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming…

Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace “lower-value human capital” with technology, becoming one of the top names…

A new name for the working class, 'lower-value human capital'.They don't give a shit about you and your family. https://t.co/s2Y6rL6Mey

Standard Chartered CEO Bill Winters reassures staff after backlash over remarks on AI replacing 'lower-value human capital'. Read more at straitstimes.com. Read more at…

A Singapore spokesperson said the bank will support its people through change - with care and respect. Read more at straitstimes.com. Read more at straitstimes.com.

The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.

CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations.

Bill Winters drew criticism on social media and from a former head of state after describing workers as "lower-value human capital" at an investor event

CEO Walks Back Comment About Replacing 'Lower-Value Human Capital' With AI

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"Angry? You should be! This is how this employer described..."

Bank says chief executive's AI comments were 'taken out of context'

Mit einer unglücklichen Formulierung zum Abbau von fast 8000 Stellen hat der Chef von Standard Chartered in seiner Bank offenbar großen Ärger erregt. Am Tag danach rudert er mit…

Regulators in Hong Kong and Singapore question Standard Chartered after CEO Bill Winters linked 7,000 job cuts to AI, calling roles 'lower-value human capital.'

Bill Winters said he was "sorry" for his "choice of words" and said the bank valued "all" of its employees.

Standard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is investing in AI technology. This move…

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations

Winters expresses regret for his choice of words describing how AI would replace some workers at the lender.

CEO BANKE Standard Chartered, Bill Winters, ispričao se jer je zaposlenike koji će dobiti otkaz zbog uvođenja AI-ja nazvao 'ljudskim kapitalom niže vrijednosti', što je izazvalo…