{"id":46953,"date":"2026-05-23T21:57:10","date_gmt":"2026-05-23T21:57:10","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/46953\/"},"modified":"2026-05-23T21:57:10","modified_gmt":"2026-05-23T21:57:10","slug":"standard-chartered-bank-ceo-apologizes-for-startling-a-i-job-cuts-remark-2","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/46953\/","title":{"rendered":"Standard Chartered Bank CEO apologizes for startling A.I. job cuts remark"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">A bank CEO is apologizing for a comment he made about artificial intelligence and job cuts that many called insensitive.<\/p>\n<p class=\"yf-1fy9kyt\">Maybe it was just a slip of the tongue or it was a moment of clarity for a CEO in dropping his guard when it comes to talking about his workers. Either way, it underlines the changing nature of labor in the age of A.I.<\/p>\n<p class=\"yf-1fy9kyt\">Bill Winters, the CEO of Standard Chartered Bank, this week told reporters that he\u2019ll be replacing what he called \u201clower-value human capital\u201d with A.I.<\/p>\n<p class=\"yf-1fy9kyt\">That quickly drew attention \u2014 did he mean he\u2019ll be sacking workers deemed low value to the bank, or did he mean that Standard Chartered views human workers as being less valuable than highly-productive A.I.?<\/p>\n<p class=\"yf-1fy9kyt\"><a class=\"link \" href=\"https:\/\/ktla.com\/news\/ap-us-news\/ap-trump-says-hes-postponing-signing-an-executive-order-on-ai-out-of-concern-it-would-hurt-ai-industry\/?ipid=promo-link-block1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Trump calls off AI executive order over concern it could weaken US tech edge;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Trump calls off AI executive order over concern it could weaken US tech edge&quot;}\"> Trump calls off AI executive order over concern it could weaken US tech edge <\/a><\/p>\n<p class=\"yf-1fy9kyt\">Winters subsequently tried to explain that he was referring to changes in the workplace and not to the value of workers.<\/p>\n<p class=\"yf-1fy9kyt\">However, the remark continued swirling on social media, leading to Winters eventually apologizing for his choice of words.<\/p>\n<p class=\"yf-1fy9kyt\">This incident is a reminder to all corporate leaders that this A.I.-fueled industrial revolution is unique and will impact millions of Americans across the economic spectrum \u2014 not just blue-collar workers but white-collar workers as well.<\/p>\n<p class=\"yf-1fy9kyt\">We haven\u2019t seen anything like this in all of human history.<\/p>\n<p class=\"yf-1fy9kyt\">So for those in the C-suite, it\u2019s worth considering that, while you don\u2019t necessarily need to throw out your A.I. plans, this moment merits a little bit of sensitivity and a little bit of empathy.<\/p>\n<p class=\"yf-1fy9kyt\">And when jobs are on the line, think before you speak \u2014 especially before calling workers \u201clower-value human capital.\u201d<\/p>\n<p class=\"yf-1fy9kyt\">Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/ktla.com\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:For the latest news, weather, sports, and streaming video, head to KTLA.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;For the latest news, weather, sports, and streaming video, head to KTLA.&quot;}\" class=\"link \"> For the latest news, weather, sports, and streaming video, head to KTLA. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A bank CEO is apologizing for a comment he made about artificial intelligence and job cuts that many&hellip;\n","protected":false},"author":2,"featured_media":46954,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21387],"tags":[20691,21561,20677,23296],"class_list":["post-46953","post","type-post","status-publish","format-standard","has-post-thumbnail","category-standard-chartered","tag-bill-winters","tag-human-capital","tag-standard-chartered","tag-standard-chartered-bank"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116626131640062683","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/46953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=46953"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/46953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/46954"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=46953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=46953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=46953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}