DBS to cut 4,000 temporary jobs over next 3 years

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, 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 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 straitstimes.com.
Amid AI push, DBS to cut 4,000 temp jobs over next 3 years
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 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
DBS Layoffs | DBS to cut 4,000 temporary jobs over next 3 years; 1,000 new jobs to be added in AI: CEO
Outgoing DBS Group CEO Piyush Gupta said that despite the layoffs, the company plans to add 1,000 new positions in AI. He is among the first major banking chiefs to describe possible job losses due to AI.
Singapore’s DBS to cut 4,000 jobs, replace humans with AI
WHAT humankind feared the most about AI is catching up. Singapore’s biggest bank says it will be laying off 4,000 people over the next three years. This is beca
DBS set to cut 4,000 jobs over 3 years due to AI, CEO says
DBS Group plans to cut 4,000 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.
AI Fears Become Reality As Bank Announces Thousands of Layoffs
DBS reveals how AI deployment will affect its workforce with 4,000 job cuts expected; but also promises recruitment drive.
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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Employees at Singapore’s biggest bank are set to lose their jobs to the AI revolution — and that worries me
As many as 4,000 temporary and contract DBS workers are set to lose their jobs as their terms expire and are not renewed.