PANews reported on May 19th, citing Bloomberg, that Standard Chartered CEO Bill Winters stated the bank plans to cut more than 15% of its support staff by 2030, equivalent to thousands of jobs, by expanding the application of artificial intelligence. The bank currently has approximately 52,000 support staff across India, China, Poland, Singapore, and Hong Kong. Winters stated that this move involves replacing "low-value human capital" with technology and capital investment, meaning that job functions will be replaced by machines rather than simple layoffs, and affected employees will be notified in advance. The report points out that Wall Street banks such as JPMorgan and Goldman Sachs are also accelerating the automation of their traditional "manual assembly line" business processes with AI, raising regulatory concerns about cybersecurity and systemic risks.