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The AFR is an absolute specialist in hypocrisy.
Bill Winters, who has run the $77 billion emerging market-focused bank Standard Chartered for 14 years, announced a plan to slash up to 8000 jobs between now and 2030 by deploying AI.
There will be job “reductions in favour of machines, and that will accelerate as we go forward into AI”, Winters told a press briefing.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.