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StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash

StanChart CEO Scrambles Into Damage Control After "Lower-Value Human Capital" Comment Triggers Backlash Standard Chartered CEO Bill Winters and his team spent Wednesday in damage-control mode after the head of the London-based international bank told investors on Tuesday that artificial intelligence would be used to replace "lower-value human capital," sparking a backlash online. "Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," Winters wrote in an internal memo to employees on Wednesday that was seen...
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