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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Steve203 🐝  😊 😞
Number: of 77850 
Subject: Proles, in the eyes of the "JCs"
Date: 05/21/26 11:05 AM
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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/2026/05/21/bank-ceo-calls-...

Steve
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