Standard Chartered CEO Bill Winters' description of some workers as "lower-value human capital" was "inartful," JPMorgan CEO Jamie Dimon said.

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