AI, DBS and Southeast Asia

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
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,
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.
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.
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 to cut 4,000 roles as AI replaces humans
The bank clarified that permanent staff members will not be impacted by these changes, which are part of a broader strategy to streamline operations through technology. While some jobs will be eliminated,
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
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 ...
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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 ...
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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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 ...
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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 ...
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Ryan Moore holds key to DBS x Manulife Million Challenge at Happy Valley
Returning to Hong Kong for a short-term riding stint, Ryan Moore could determine the outcome of the DBS x Manulife Million ...
DBS Reaffirms Their Buy Rating on PropNex Ltd. (OYY)
DBS analyst Tabitha Foo maintained a Buy rating on PropNex Ltd. (OYY – Research Report) today and set a price target of S$1.25. The company’s ...
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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) ...