DBS CEO Sees Job Cuts of 4,000 Temp Staff

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
Singaporean bank cuts 4,000 jobs replacing them with AI
DBS Bank, Singapore’s largest financial institution, is set to cut 4,000 temporary and contract positions over the next three years as artificial intelligence assumes more
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.
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.
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 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 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 straitstimes.com.
Singapore’s DBS to cut 4,000 jobs, replace humans with AI
Development Bank of Singapore (DBS) says it will be laying off 4,000 people over the next three years to employ AI.
This Bank Is Cutting 4000 Jobs Over Next Three Years, Thanks to AI - Details
DBS Group, one of Asia’s leading banks, announced that it expects a 10 percent reduction in its workforce over the next three years, primarily driven by the increased adoption of artificial intelligence (AI) in its operations.
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 ...
AI Fears Become Reality As Bank Announces Thousands of Layoffs
DBS reveals how AI deployment will affect its workforce with 4,000 job cuts expected; but also promises recruitment drive.
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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 ...
AI to replace 4,000 jobs in Southeast Asia's largest bank: DBS
Southeast Asia's largest bank DBS said that 4,000 jobs could be cut in the next three years and be replaced by artificial ...
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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 ...
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DBS to 'shrink workforce' by 4 000 in 3 years due to AI adoption CEO Gupta
Global banking major DBS Group expects a 10 per cent reduction in its workforce over the next three years as artificial intelligence adoption goes deeper into the operations, its chief executive ...