StanChart To Cut Over 7,000 Jobs, Boost AI To Replace 'Lower-Value Human Capital' https://slashdot.org/story/26/05/19/1640224/stanchart-to-cut-over-7000-jobs-boost-ai-to-replace-lower-value-human-capital?utm_source=rss1.0mainlinkanon
StanChart To Cut Over 7,000 Jobs, Boost AI To Replace 'Lower-Value Human…
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StanChart To Cut Over 7,000 Jobs, Boost AI To Replace 'Lower-Value Human Capital' - Slashdot
The London-headquartered lender Standard Chartered announced plans to cut more than 7,000 jobs by 2030, with CEO Bill Winters saying the bank will replace some "lower-value human capital" through automation and AI while offering retraining to affected workers. "It's not cost-cutting. It's replacing ...
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