Standard Chartered’s plan to cut nearly 7,800 jobs globally by 2030 has triggered a fierce backlash online after CEO Bill Winters described some roles as “lower-value human capital” while outlining the bank’s AI-driven overhaul.
The London-headquartered lender, which has major back-office operations in India, said it would eliminate around 15 per cent of corporate-function roles over the next few years as it ramps up automation and artificial intelligence adoption.
