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.

Gupta said AI is different and unlike any other technologies adopted in the past, and added that he is struggling to create new jobs for the first time in his over 15-year stint at the helm of the Sin

DBS Bank CEO predicts 4,000 job losses due to AI, highlighting challenges in transitioning employees to new roles.

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 Group's CEO Piyush Gupta announced that the bank expects a 10 per cent reduction in its workforce over the next three years due to deeper AI integration. Gupta highlighted the significant impact of AI on job creation,