Standard Chartered plans to cut nearly 8,000 back-office positions by 2030, a 15%+ reduction in support functions in hubs like Bengaluru, amid growing AI usage
Bill Winters says new strategy focuses on replacing ‘lower-value human capital’ in drive for ‘sustainable growth’
Financial Times Arjun Neil Alim
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Discussion
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@petergostev
Peter Gostev
on x
What I don't understand about Dario's constant scare stories about AI taking our jobs is what's exactly the goal here? To warn? Ok so what are politicians meant to do here, retrain everyone as electricians? The exact effects of AI and the timings are so unpredictable that any
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@lisaabramowicz1
Lisa Abramowicz
on x
It's not massively shocking that public sentiment is very negative on AI when CEOs say things like, they're chopping staff to replace “lower-value human capital” with investments in AI. https://www.bloomberg.com/...