‘I am sorry’: Standard Chartered CEO Bill Winters apologises for comments over job cuts

Standard Chartered CEO Bill Winters apologized on Friday for controversial comments describing some workers as 'lower-value human capital' made while announcing a 15% reduction in back-office staff by 2030. Winters issued the apology via LinkedIn in response to upset employees following his Tuesday announcement that AI adoption would replace certain roles. The apology attempt was made to de-escalate internal debate triggered by his initial remarks.