StanChart does damage control after boss calls staff ‘lower-value human capital’

🇳🇱 Financial Times (NL) —
StanChart does damage control after boss calls staff ‘lower-value human capital’

AI Summary

Dutch lender ABN Amro plans to cut about 20% of its full-time staff by 2028 due to increased AI usage. The announcement follows reputational damage control at StanChart after its boss disparaged staff as 'lower-value human capital.'

Dutch lender ABN Amro announced last November that it would axe about a fifth of its full-time staff by 2028, citing increased use of AI. Morgan ...

Markets Deals AI & Tech ABN Amro StanChart staff layoffs AI impact financial sector

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