Standard Chartered CEO says AI job fears are real and training is the answer
Overview
Standard Chartered CEO Bill Winters says staff fears of AI-driven job losses are real and that reskilling and training can help, speaking at a Hong Kong Monetary Authority investor summit.
He says the bank has cut about 25,000 roles through automation over 11 years while holding headcount near 100,000 and creating other new jobs, according to IThome, which reports his remarks.
The London-based bank said in May it plans to cut more than 15% of back-office roles by 2030, about 8,000 support positions, as it adopts AI and streamlines processes.
Written by AI from the articles below · updated Nov 3, 2:29 PM ET
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- IThome · AINewsStandard Chartered CEO Bill Winters says AI job fears are real, and training is the remedy
AIStandard Chartered CEO Bill Winters says staff fear AI job losses are real and that reskilling and training can ease them. He says the bank has cut about 25,000 roles through automation over 11 years while holding headcount near 100,000 and creating new jobs. In May the London-based bank said it plans to cut more than 15% of back-office roles by 2030, about 8,000 support positions, as it adopts AI.
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