Standard Chartered CEO apologizes for calling workers vulnerable to AI replacement 'lower value human capital'
5d ago· 5 min readenNews
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Summary
Standard Chartered CEO Bill Winters apologized after referring to employees whose jobs could be replaced by AI as "lower value human capital" during a conference discussion about automation-driven job cuts. He clarified that the bank's automation efforts are about replacing certain roles rather than cost-cutting, and later expressed commitment to supporting affected colleagues through the transition.
Key quotes
· 2 pulledreplacing, in some cases, lower value, human capital, wit
The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.
The Standard Chartered boss said he values all colleagues and is committed to helping them cope with change.
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