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
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 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.
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,
DBS Group Set to Cut 4,000 Jobs in Next 3 Years, CEO Says
Mumbai (Reuters) - DBS Group plans to cut 4,000 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.
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: The Future of the India – Singapore Partnership
The fireside chat between Tan Su Shan, Deputy CEO, DBS Group and Shereen Bhan, Managing Editor of CNBC-TV18 at the recently ...
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 ...
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 ...
DBS NAMED WORLD'S BEST BANK FOR SUSTAINABLE FINANCE BY GLOBAL FINANCE
DBS today announced that it has been named World's Best Bank for Sustainable Finance by New York-based trade publication Global Finance. This is the first time the bank has received the global ...
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 ...
Former manager at DBS Bank admits cheating 4 clients of $348k in total
Pang Yuheng, 28, had significant debts to licensed moneylenders after losses in online gambling. 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 ...