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CEO of bank apologises for vowing to replace jobs with AI
The CEO of a top British bank has been forced to apologise after he announced that he was planning to replace 'lower-value human capital' with artificial intelligence.
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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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straitstimes.com
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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www1.folha.uol.com.br
Não lute contra a IA, diz presidente do HSBC após bancos anunciarem demissões
CEO do banco Standard Chartered causou polêmica ao anunciar demissões para trocar 'capital humano de menor valor' por tecnologia
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channelnewsasia.com
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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dailysabah.com
HSBC CEO appeals to staff not to fight AI as banks begin job cuts
British banking giant HSBC appealed to staff not to fight artificial intelligence on Wednesday, saying it would destroy jobs while creating new ones, as...
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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
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HSBC CEO Georges Elhedery warns AI will cut banking jobs
HSBC could cut around 20,000 roles over coming years as big banks grow more open about AI's toll on their workforces
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taipeitimes.com
HSBC tells workers not to resist AI changes - Taipei Times
Bringing Taiwan to the World and the World to Taiwan
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zerohedge.com
StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash
"Angry? You should be! This is how this employer described..."
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thenationalnews.com
Standard Chartered CEO's 'lower-value human capital' comments draw ire | The National
Bank says chief executive's AI comments were 'taken out of context'
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cryptobriefing.com
HSBC CEO urges staff to embrace AI amid plans to cut 20,000 jobs
HSBC CEO Georges Elhedery urges employees to embrace AI as the bank plans to cut 20,000 jobs, about 10% of its workforce, over the next 3-5 years.
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businessinsider.com
JPMorgan's Jamie Dimon said a bank chief's viral comment about AI job losses was 'inartful'
Standard Chartered CEO Bill Winters' description of some workers as "lower-value human capital" was "inartful," JPMorgan CEO Jamie Dimon said.
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faz.net
„Geringwertiges Humankapital“: Ärger um Worte eines Bankchefs
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…
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Regulators question Standard Chartered after CEO calls cut roles 'lower-value human capital'
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.'
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The CEO of Standard Chartered says he's sorry for his 'lower value human capital' comments
Bill Winters said he was "sorry" for his "choice of words" and said the bank valued "all" of its employees.
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economictimes.indiatimes.com
StanChart CEO apologises for 'upset caused' by AI comments
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…
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Bank boss sorry for saying AI would replace ‘lower-value human capital’ amid job cuts
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