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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, Singapore’s largest financial institution, is set to cut 4,000 temporary and contract positions over the next three ...
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Southeast Asia’s largest bank DBS said that 4,000 jobs could be cut in the next three years and be replaced by artificial intelligence as the technology becomes more advanced.
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.