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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

Live Mint on MSN · 3h

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.

Reuters · 1d

DBS set to cut 4,000 temporary jobs over 3 years due to AI, CEO says

fintechmagazine · 23h

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

BBC · 1d

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,

Hosted on MSN · 2d

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,

Big bank to cut 4,000 roles

The Independent on MSN · 5h

Big bank to cut 4,000 roles as AI replaces humans

A Bloomberg Intelligence report last month said global banks were expected to cut as many as 200,000 jobs in the next three to five years as AI encroached on tasks currently carried out by humans.

Hosted on MSN · 1d

Singapore's biggest bank cuts roles as it embraces AI

It makes DBS one of the first major banks to offer details on how AI will affect its operations.

Global South World on MSN · 11h

Singapore's biggest bank to cut 4,000 roles as AI replaces humans

The bank clarified that permanent staff members will not be impacted by these changes, which are part of a broader strategy to streamline operations through technology. While some jobs will be eliminated,

Latest on SAYS47m

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.

fstech4h

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 ...

hcamag.com22h

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 ...

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 ...