Subject: Proles, in the eyes of the "JCs"
Bank CEO Calls Workers ‘Lower-Value Human Capital’ and Plans to Replace Them With AI

The CEO of a London-based banking giant triggered a backlash among shareholders, customers and social media users after describing the staff he plans to replace with AI as “lower-value human capital”.

Standard Chartered plans to axe nearly 8,000 jobs as it ramps up its use of artificial intelligence and automation.

“It’s not cost-cutting. It’s replacing in some cases lower-value human capital ​with the financial capital and the investment capital we’re putting in,” Winters told reporters.

https://novaramedia.com/2026/0...

Steve