‘Lower-value human’: Standard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubs

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 […]