Reposted by @spbluebell.bsky.social
Standard Chartered CEO collecting £12.7m refers to workers as 'lower-value human capital'.
Wants to replace 7,500 jobs with AI.
Pat on the back and 'stab in the back' are normalised in predatory capitalism. Shareholders/Execs want more.
Light years away from Cadbury/Quaker capitalism.
news.sky.com
Standard Chartered to replace 'lower-value human capital' with AI
Many thousands of jobs could be lost as the bank's boss explains the motives behind his profitability drive.