Standard Chartered CEO Retracts Comments About Replacing 'Lower-Value Human Capital' With AI

Bill Winters, CEO of Standard Chartered (STAN.L), retracted controversial comments about replacing lower-value human capital with artificial intelligence after backlash. He clarified in a memo that workforce changes reflect evolving work needs and not the value of employees.

By Joe Wallace Wed, May 20, 2026 at 3:25 PM GMT+3 3 min read · Yahoo Finance · May 20, 2026, 12:25 UTC

Topics: AI CEO_statement workforce_reduction

Read the full article at Yahoo Finance

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