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Standard Chartered CEO walks back comment about 'lower-value human capital'
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Standard Chartered STAN 2.58%increase; green up pointing triangle Chief Executive Bill Winters touched a nerve when he said his bank would slash thousands of jobs and replace “lower-value human capital” with artificial intelligence. He walked back the comments on Wednesday in a memo to bank employees, who turned out to be valuable enough that he needed to assuage their feelings. “Many of you will ...
Summary from wsj.com.
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