Standard Chartered CEO Bill Winters faced backlash for calling AI’s impact the replacement of “lower-value human capital.” The bank plans to cut 7,000 jobs, with over 15% of support staff affected by 2030. Winters later apologized for his wording, emphasizing colleague value and commitment to reskilling and repositioning staff amidst industry changes.
Day In Pics: October 17, 2026 Outlook India
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