Standard Chartered CEO apologises for 'lower-value human capital' remark

If they call us, “lower-value human capital” in public, imagine what they call us in private.

Standard Chartered has announced 7,800 cuts jobs, citing its growing use of AI and calling those affected "lower-value human capital".

Bank guy's "lower-value human capital" comment was a slam members of both parties can hate

What an outrage: Bank CEO says workers are “ lower value human capital”!

Now we're no longer "human resources" we are "lower-value human capital." I'm not sure I like that. The dude was being honest and that's how they view us. "The term 'lower-value human capital' is not only dehumanizing but also fundamentally misrepresents the diverse contributions of employees..."

AI can replace "lower-value human capital" but always remember, lower-value human capital can also replace CEOs.

It’s not just targeting entry or lower level jobs with agents … In America, CEOs can't wait to figure out what Claude can do so they can label people at many levels as "low value human capital"

Lower Value Human Capital. I thought it was looking grim, when 'Human Resources' got introduced. Buddy, can you spare a dime.

Bank CEO calls support staff ‘lower-value human capital’. “Standard Chartered CEO Bill Winters faced intense backlash over his controversial comments to journalists in Hong Kong at a presentation of the bank's latest financial targets..." www.dailymail.com/yourmoney/ar...

I have thoughts about the fate that should, in a just world, befall the kind of man who describes other human beings as "lower value human capital," but I fear none of them are thoughts I should post on the internet

"lower-value human capital" The wealthy are now saying the quiet part out loud. news.sky.com/story/standa...

'Lower-value human capital?' Is this the type of sponsor we want representing #LFC?

Neue Definition von Lumpenproletariat just dropped. Old and busted: Fußvolk, der gemeine Arbeiter New hotness: Lower value human capital news.sky.com/story/standa...

The Hong Kong Monetary Authority and the Monetary Authority of Singapore have both contacted Standard Chartered, asking the company to clarify CEO Bill Winters’ comments in which some of his “lower-value human capital” would eventually be replaced by AI www.bloomberg.com/news/article...

Raise your hand if you're "lower-value human capital"... "Many thousands of jobs could be lost as the bank's boss explains the *motives behind his profitability drive." *The motives are - astonishingly enough - profit. news.sky.com/story/standa...