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.

Singapore Today's Lance Alexander and Daniel Martin speak with Dr Ng Weiyi, Assistant Professor from the Department of Strategy and Policy at the NUS Business School on DBS Group's latest announcements on its plans to cut 4,

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 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.

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.

DBS CEO Piyush Gupta said the bank will shrink workforce by 10% in the next three years due to artificial intelligence replacing human roles.

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,