DBS, 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
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 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 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.
Banking Jobs at Risk? Singapore's Largest Bank DBS To Cut 4,000 Roles Amid AI Boom
As AI booms, Singapore's Largest Bank plans to reduce its workforce by 4,000 roles in three years through natural attrition of temporary staff but will create 1,000 new AI jobs. Will this tech-driven shift revolutionize banking or widen the economic gap?
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 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 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 ...
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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 ...
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DBS CEO Piyush Gupta Highlights Struggle to Create Jobs in AI Era
Piyush Gupta said it is the first time in his 15-year tenure that he has struggled to identify new roles for job creation in ...
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 to trim headcount by 10%
Singaporean lender DBS Group is set to reduce its employee headcount by 10% over the next three years as it incorporates AI ...