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.

As reported by Reuters. StanChart issued a memo after CEO Bill Winters' remarks about workers as ‘lower-value human capital" as the banking corporation announced almost 8,000 jobs will be cut in the next 4 years due to AI. "Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," he was quoted as telling employees.

As reported by Reuters. StanChart issued a memo after CEO Bill Winters' remarks about workers as ‘lower-value human capital" as the banking corporation announced almost 8,000 jobs will be cut in the next 4 years due to AI. "Many of you will have seen media coverage following the Investor Event in Hong Kong, particularly the reporting around automation, AI, and workforce changes," he was quoted as telling employees.