‘Replace low-value human capital’: CEO’s stinker nails AI’s ugly truth

‘Replace low-value human capital’: CEO’s stinker nails AI’s ugly truth

His brutal justification for massive AI jobs cuts will harden opposition to the technology. It also reminds us what the AI investment boom is really all about.

AI Replacing ‘Lower-Value Human Capital’

every day, there’s a new report about AI-powered layoffs or another CEO openly discussing plans to hand jobs over to machines.

StanChart CEO’s comments on retrenched workers trigger criticism from Halimah Yacob and netizens

SINGAPORE: Former President Halimah Yacob expressed dismay over how workers were characterised in the context of Standard Chartered announcing on Tuesday (May 19) that it was cutting around 7,800 jobs by 2030 as it employs Artificial Intelligence (AI) to streamline its workforce. Mdm Halimah took exception to a statement made by the London-based banking corporation’s CEO, Bill Winters, to members of the media. “It’s not cost-cutting. It’s replac…

'Treat workers with respect': Halimah Yacob criticises StanChart CEO's 'lower-value human capital' remark amid job cuts

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