South China Morning Post

AsiaPac · 50 mins ago

✦ 78◉ Centre

‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts

78Quality

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Quality 78/100

Partisan intensity 25/100

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◉ Centre ✓ Fair headline

Standard Chartered CEO Bill Winters apologized on LinkedIn for describing workers affected by job cuts as 'lower-value,' after announcing a 15% reduction in back-office staff by 2030 due to AI adoption.

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‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts

South China Morning Post · 50 mins ago

Standard Chartered global CEO Bill Winters on Friday said he was “sorry” for comments describing “lower-value” 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 “lower-value human capital”. The CEO first made a LinkedIn post explaining his comments from...

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