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Standard Chartered boss says AI comments taken ‘out of context’ after backlash
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.
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straitstimes.com
StanChart to slash almost 8,000 jobs in AI push
The bank said it will cut more than 15 per cent of support staff by 2030. Read more at straitstimes.com. Read more at straitstimes.com.
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finews.com
Standard Chartered Plans Sweeping Job Cuts through AI
Standard Chartered plans to cut thousands of back-office jobs over the next four years. The bank is thereby joining the ranks of global institutions seeking to reduce headcount…
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thenextweb.com
Standard Chartered will cut 7,800 back-office jobs to ‘the machines’ by 2030
Standard Chartered CEO Bill Winters told investors in Hong Kong the bank will cut over 15% of back-office roles in HR, risk and compliance by 2030, lifting income per employee 20%…
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channelnewsasia.com
StanChart to cut more than 7,000 jobs as bank steps up AI adoption
StanChart is one of the first major global banks to lay out official plans to cut thousands of jobs, citing AI as a driver to make its operations slimmer.
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bangkokpost.com
Standard Chartered to cut over 7,000 jobs as bank steps up AI adoption
HONG KONG — Standard Chartered plans to cut more than 7,000 jobs over the next four years as it boosts adoption of artificial intelligence (AI) while targeting growth.
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thehindubusinessline.com
Standard Chartered plans 7,000 job cuts as AI adoption accelerates
Standard Chartered plans to cut 7,000 jobs as it expands AI adoption, streamlines operations and targets higher returns by 2030.
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StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital'
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…
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cityam.com
Standard Chartered AI cuts deepen UK jobs gloom
Standard Chartered has announced plans to slash almost 8,000 back-office roles, as Britain's labour market continues to show signs of strain.
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dailysabah.com
Standard Chartered to axe thousands of jobs due to AI adoption
British banking major Standard Chartered announced on Tuesday plans to slash thousands of jobs by 2030 as artificial intelligence replaces employees in a...
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zerohedge.com
Standard Chartered To Replace "Lower-Value Human Capital" With AI As Meta Layoff D-Day Nears
"We are scaling practical uses of automation ..."
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tomshardware.com
Standard Chartered plans to cut 7,000 jobs in AI push — lender wants to replace ‘lower-value human capital’ and focus on automation
Is AI more valuable than people?
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saudigazette.com.sa
Standard Chartered to slash over 7,000 roles as AI use escalates
LONDON — Standard Chartered has become the latest company to announce job cuts as it seeks to replace 'lower-value human capital' with technology. The...
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thedailystar.net
StanChart to cut over 7,000 jobs
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…
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timesofindia.indiatimes.com
‘Lower-value human’: Standard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubs
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
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StanChart CEO reassures staff after backlash over ‘lower-value human’ remark
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…
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StanChart CEO reassures staff after ‘lower-value human’ backlash
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.
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StanChart CEO seeks to reassure staff members over 'lower value human capital' comment
The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.
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Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
CEO Georges Elhedery pledged that AI could make HSBC workers "more productive versions of themselves".
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independent.co.uk
Standard Chartered boss says AI comments taken ‘out of context’ after backlash
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.
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qz.com
Standard Chartered CEO walks back AI jobs comment
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