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 to cut 4,000 temporary jobs over next 3 years; 1,000 new jobs to be added in AI: CEO
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 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 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
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 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,

Singapore's biggest bank cuts roles

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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.
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DBS says it will ‘replace 4,000 jobs’ with AI
Although the bank, which currently employs around 41,000 people, did not provide further details on where the jobs are ...
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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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 ...
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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 ...
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 ...
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 ...