TechFlow News, May 19: According to Bloomberg, on May 19, Bill Winters, CEO of Standard Chartered, stated that the bank will advance the application of artificial intelligence to replace “low-value human capital,” a move expected to eliminate thousands of jobs. On the same day, Standard Chartered announced plans to streamline operations by expanding AI adoption across its business, aiming to cut more than 15% of support roles by 2030. As of the end of 2025, approximately 52,000 of the bank’s employees—located across India, China, Poland, Singapore, and Hong Kong—will hold such support positions.
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