Standard Chartered CEO’s comments spark outrage as bank plans job cuts in India and other centers
Standard Chartered Bank plans to cut nearly 7,800 jobs globally by 2030, sparking an online backlash after Chief Executive Bill Winters described some positions as “low-value human capital” as he outlined the bank’s artificial intelligence-driven overhaul.The London-headquartered bank, which has major back-office operations in India, said about 15% of corporate functional roles will be eliminated … Read more