StanChart CEO says AI to replace ‘lower-value human capital’
Standard Chartered Plc chief executive officer Bill Winters delivered a blunt message on the future of the bank's workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces "lower-value human capital" with technology. The bank on Tuesday unveiled a plan to cut more than 15% of its support staff by 2030 through building…
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