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StanChart CEO seeks to reassure staff over AI-linked job cuts

Posted on May 20, 2026
By Business News Today
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1 min read

StanChart CEO seeks to reassure staff over AI-linked job cuts

Standard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human capital" with technology and AI to boost profitability. He stated that while some roles will reduce or change, new opportunities will emerge, with a focus on reskilling and redeployment.