商业快报

StanChart does damage control after boss calls staff ‘lower-value human capital’

Bill Winters says cutting almost 8,000 jobs reflects changing work practices and not ‘value of our people’

Standard Chartered’s chief has attempted to limit the fallout after saying AI would replace “lower-value human capital”, telling staff that the bank still valued their work even as it pressed ahead with plans to cut 8,000 jobs.

On Tuesday, Bill Winters told journalists that sweeping back-of