Standard Chartered

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Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, Europe, Job losses, Standard Chartered, UK news, World news

Bill Winters faced backlash over remarks about some of near 80,000 staff set to lose roles to AIThe chief executive of Standard Chartered has apologised for referring to some of the almost 8,000 staff that are set to lose their jobs to artificial intelligence as “lower-value human capital”.Bill Winters offered the apology after a backlash […]

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Standard Chartered to cut more than 7,000 jobs as it steps up AI use

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, Standard Chartered, Technology, UK news

London-headquartered bank will reduce back-office jobs and aims to move some workers to new rolesBusiness live – latest updatesStandard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses artificial intelligence.The London-headquartered lender is one of the first major global banks to lay out plans to cut thousands

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