Standard Chartered CEO Bill Winters apologized after calling staff replaced by AI 'lower-value human capital' as the bank plans to cut 8,000 roles by 2030.

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…

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

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