Standard Chartered is cutting thousands of workers for AI. Its CEO calls them ‘lowervalue human capital.’
May 19, 2026
The announcement of stiff job cuts at Standard Chartered reignites fears of sweeping changes in th employment market caused by automation and widespread adoption of AI to perform tasks previously the responsibility of humans.
https://www.marketwatch.com/story/ai-in-focus-as-standard-chartered-bank-replaces-lower-value-human-capital-slashing-back-office-workers-by-15-bd147174?mod=mw_rss_topstories
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