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

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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.'

🇳🇱 Location: Amsterdam — Sources: 1 — First seen: — Last seen:
ABN Amro StanChart staff layoffs AI impact financial sector

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