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US dollar51.30EGPEuro58.43EGPBritish pound68.44EGPSaudi riyal13.68EGPUAE dirham13.97EGPKuwaiti dinar165.72EGPJordanian dinar72.35EGPQatari riyal14.09EGPTurkish lira1.08EGPChinese yuan7.57EGPGold 246,721.44EGP/gGold 215,881.26EGP/gGold 185,041.08EGP/gSilver96.49EGP/g

World

Standard Chartered CEO apologises for his ‘choice of words’ used to defend AI layoffs

By Times of India · May 28, 2026 · 1 min read Times of India ↗

Standard Chartered CEO Bill Winters faced backlash for calling AI’s impact the replacement of “lower-value human capital.” The bank plans to cut 7,000 jobs, with over 15% of support staff affected by 2030. Winters later apologized for his wording, emphasizing colleague value and commitment to reskilling and repositioning staff amidst industry changes.

المصدر: Times of India

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