AI, DBS

DBS, Southeast Asia’s largest bank, is cutting 4,000 temp roles due to AI: ‘For the first time, I’m struggling to create jobs’
DBS is Southeast Asia’s largest bank by revenue, and ranks No. 10 on Fortune’s Southeast Asia 500. It’s the first of Singapore’s Big Three banks to suggest how AI will aff
DBS Plans 4,000 Job Cuts as AI Takes Over Key Tasks
Singapore's largest bank, DBS, plans to reduce temporary roles over three years while creating 1,000 new AI positions as it transforms operations
Amid AI push, DBS to cut 4,000 temp jobs over next 3 years
DBS Group plans to cut about 4,000 jobs over the next three years as it expects artificial intelligence (AI) to replace more roles, said outgoing CEO Piyush Gupta on Monday (Feb 24). "My current projection in the next three years,
DBS set to cut 4,000 temporary jobs over 3 years due to AI, CEO says
DBS Group plans to cut 4,000 temporary jobs over the next three years as it expects artificial intelligence (AI) to increasingly take on roles carried out by humans, Chief Executive Officer Piyush Gupta said on Monday.
DBS becomes first major Asian bank to announce AI-driven job cuts
DBS has become the first major Asian bank to say it will make significant job cuts as a result of its use of AI. The cuts come after Italy’s Intesa Sanpaolo said late last year that it could slash up to 9,000 jobs to foster AI growth.
AI to replace 4,000 jobs at DBS, Southeast Asia's largest bank
"Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects," a spokesperson from the Singapore bank told AFP on Tuesday,
Daily Cuts - 4000 jobs leaving DBS due to AI
Singapore Today's Lance Alexander and Daniel Martin speak with Dr Ng Weiyi, Assistant Professor from the Department of Strategy and Policy at the NUS Business School on DBS Group's latest announcements on its plans to cut 4,
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 4,000 of its contract and temporary staff workforce over the next three years as artificial intelligence increasingly takes on roles carried out by human beings.
DBS expects to shrink contract and temp jobs by 4,000 over next 3 years as AI replaces roles
Reductions will come from natural attrition, DBS said, and permanent staff will not be affected. Read more at ...
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DBS Bank To Replace 4,000 Jobs With AI Over 3 Years
A recent Bloomberg Intelligence report estimated that banks worldwide could cut up to 200,000 jobs in the next three to five years due to AI advancements.
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DBS Bank to reduce workforce by 10% due to AI: reports
A previous report from the World Economic Forum that was released this year revealed that 41% of employers plan to downsize ...
13,000 DBS staff to learn AI, data skills amid bank’s plans to cut 4,000 workers over 3 years
The statement comes a day after Bloomberg reported DBS' plans to cut 4,000 contract and temporary staff. Read more at ...
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DBS to trim headcount by 10% amid AI integration
Singaporean lender DBS Group is set to reduce its employee headcount by 10% over the next three years as it incorporates AI ...