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CEO Walks Back Comment About Replacing ‘Lower-Value Human Capital’ With AI
Pangram verdict · v3.3
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Human
Pangram v3.3
Article text · 73 words · 1 segments analyzed
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Standard Chartered STAN 2.58%increase; green up pointing triangle Chief Executive Bill Winters touched a nerve when he said his bank would slash thousands of jobs and replace “lower-value human capital” with artificial intelligence.He walked back the comments on Wednesday in a memo to bank employees, who turned out to be valuable enough that he needed to assuage their feelings. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8VideosMost Popular NewsMost PopularOPINION