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Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts
Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI The 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 over comments he made earlier this week as the London-headquartered lender became one of the first major global banks to lay out plans to cut about 7,800 back-office roles, primarily in response to AI. Continue reading...
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Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI The 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 over comments he made earlier this week as the London-headquartered lender became one of the first major global banks to lay out plans to cut about 7,800 back-office roles, primarily in response to AI. Continue reading...
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What happened
According to The Guardian’s source item, Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts, Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI The 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 over comments he made earlier this week as the London-headquartered lender became one of the first major global banks to lay out plans to cut about 7,800 back-office roles, primarily in response to AI. Continue reading…
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-05-22T11:39:29+00:00.
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Source
Primary source: Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cutsThe Guardian - 2026-05-22T11:39:29+00:00
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