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

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.

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'

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…