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 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 CEO Sees Job Cuts of 4,000 Temp Staff as AI Replaces Roles
DBS Group Holdings Ltd. plans to cut around 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.
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 Group set to cut 4,000 contract, temporary jobs in next 3 years
DBS Group said on Monday it plans to cut 4,000 of its contract and temporary staff workforce as it expects artificial intelligence (AI) increasingly take on roles carried out by humans. In a response to a Bloomberg query,
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
DBS to cut 4,000 contract and temp jobs as AI replaces roles
DBS Group Holdings (DBS) plans to cut 4,000 of its contract and temporary staff over the next three years. This comes as artificial intelligence will increasingly take on roles carried out by human beings.
Singapore’s Biggest Bank DBS Will Cut 4,000 Roles Due To AI Shift
Singapore’s biggest bank DBS will cut 4,000 roles as AI automates several tasks. DBS, Singapore’s biggest bank, has announced plans to cut 4,000 temporary and contract roles over the next three years.
AI to replace 4,000 jobs in Singapore's largest bank DBS
A Bloomberg Intelligence report last month said banks worldwide will cut as many as 200,000 positions in the next three to five years due to AI
Major Asia bank to cut 4,000 roles as AI replaces humans
Singapore's biggest bank, DBS, says it expects to cut about 4,000 roles over the next three years as artificial intelligence (AI) takes on more work currently done by humans. The move will affect temporary and contract staff,
Singapore’s Biggest Bank Plans 4,000 AI-Driven Job Cuts, Projects S$1B Gain
Singapore's DBS bank expects to cut 4,000 jobs over the next three years. The bank said it expects the positive economic impact of AI to
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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 ...
The Edge Singapore9h
OIR, CGSI and DBS lower FV and TP on Sats with near-term tariff uncertainty
OIR's Lim notes that with the removal of the “de minimis” exemption by the Trump administration, though challenging to ...
GlobalData on MSN1d
DBS to trim headcount by 10%
Singaporean lender DBS Group is set to reduce its employee headcount by 10% over the next three years as it incorporates AI ...
DBS Group to shrink workforce by 4,000 in 3 years due to AI adoption: CEO Piyush Gupta
Gupta said AI is different and unlike any other technologies adopted in the past, and added that he is struggling to create ...
The Edge Singapore11h
DBS and CGSI anticipate Genting Singapore 3QFY2025 earnings pick up with attraction and retail reopenings
Genting Singapore’s adjusted earnings before interests, taxes and depreciation (ebitda) improved 7.6 percentage points (ppts) ...
Business Times10h
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
AMONG the trio of local banks, OCBC and UOB are expected to stand to gain the most from the Johor-Singapore Special Economic ...