Mdm Halimah Yacob said, "Workers are human beings with families, not just a form of capital. They, too, have contributed to the bank and now, because of AI, have become redundant. It’s demeaning to describe them as 'lower-value human capital'." Netizens, however, are reminding, "Temasek is the biggest shareholder".

Mdm Halimah Yacob said, "Workers are human beings with families, not just a form of capital. They, too, have contributed to the bank and now, because of AI, have become redundant. It’s demeaning to describe them as 'lower-value human capital'." Netizens, however, are reminding, "Temasek is the biggest shareholder".

The statement sounded cold and detached, particularly coming from the head of a global bank announcing thousands of job cuts.

The statement sounded cold and detached, particularly coming from the head of a global bank announcing thousands of job cuts.

The bank cited AI as a driver to slim its operations in its quest to increase profitability and tackle competition.