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World News by Wild Rose

#AI adoption ร—

โ€˜I am sorryโ€™: Standard Chartered CEO Bill Winters apologises for comments over job cuts

Standard Chartered global CEO Bill Winters on Friday said he was โ€œsorryโ€ for comments describing โ€œlower-valueโ€ workers, made while announcing job-cut plans earlier this week. Winters apologised in a LinkedIn post as he tried to cool debate among upset employees after he announced on Tuesday a 15 per cent cut of back-office staff at the lender by 2030. Winters said that AI adoption would replace some โ€œlower-value human capitalโ€. The CEO first made a LinkedIn post explaining his comments from...