DBS, AI

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 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 to cut 4,000 contract and temp jobs as AI replaces roles
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.
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.
AI to replace 4,000 jobs at DBS, Southeast Asia's largest bank
"Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects," a spokesperson from the Singapore bank told AFP on Tuesday,
Singapore’s DBS to cut 4,000 jobs, replace humans with AI
Development Bank of Singapore (DBS) says it will be laying off 4,000 people over the next three years to employ AI.
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Saints could target two Texas DBs in draft after Terry Joseph hire
The New Orleans Saints could target two Texas defensive backs in the draft after hiring Terry Joseph. Get to know Jahdae ...
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DBS Bank: The Future of the India – Singapore Partnership
The fireside chat between Tan Su Shan, Deputy CEO, DBS Group and Shereen Bhan, Managing Editor of CNBC-TV18 at the recently ...
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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DBS disposes of 115,839 units in MPACT for $1.29 apiece
The transaction took place on Feb 19 via “physical settlement of equity accumulator”, according to the REIT’s filing on Feb ...
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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.
DBS Keeps Their Buy Rating on Budweiser Brewing Co. APAC Ltd. (1876)
In a report released today, Clement Xu from DBS maintained a Buy rating on Budweiser Brewing Co. APAC Ltd. (1876 – Research Report), with a ...
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OIR, CGSI and DBS lower FV and TP on Sats with near-term tariff uncertainty
OIR's Lim notes that with the removal of the “de minimis” exemption by the Trump administration, though challenging 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 ...