Standard Chartered CEO Bill Winters Fails to Quell Union Backlash Over AI Job Cuts
Updated
Updated · Bloomberg · May 22
Standard Chartered CEO Bill Winters Fails to Quell Union Backlash Over AI Job Cuts
2 articles · Updated · Bloomberg · May 22
Labor groups said Bill Winters’ apology has not eased anger over remarks about replacing some “lower-value human capital” with artificial intelligence.
Winters, Standard Chartered’s chief executive, spent much of the week trying to contain the fallout after the comments drew criticism from unions.
He apologized for his wording but argued the phrase had been taken from a broader, more nuanced discussion.
The dispute keeps pressure on banks’ AI plans, with unions signaling that language around job replacement remains a flashpoint.
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