Standard Chartered CEO: Will Replace “Low-Value Human Capital” with AI; Plans to Cut More Than 15% of Support Roles by 2030

According to Bloomberg, Standard Chartered CEO Bill Winters stated on May 19 that the bank will advance its adoption of artificial intelligence to replace “low-value human capital,” a move expected to eliminate thousands of jobs. On the same day, Standard Chartered announced plans to streamline operations by expanding AI applications across its business, aiming to cut more than 15% of support roles by 2030. As of the end of 2025, approximately 52,000 employees—located across India, China, Poland, Singapore, and Hong Kong—will hold such support positions.