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

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…

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%…

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

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