News · 22 May 2026
Standard Chartered CEO explains AI comments on jobs
Unsplash / Miguel Henriques
Numerous employees in the banking sector were disquieted by remarks indicating that artificial intelligence might take over certain positions, resulting in extensive opposition. Standard Chartered chief executive Bill Winters dispatched a memo to staff, clarifying that his comments had been misinterpreted. The London-based bank announced it will cut around 7,800 jobs by 2030, impacting over 15% of back-office roles.
Reported by Independent · How we write briefs