AI, DBS and Southeast 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
AI to replace 4,000 jobs in Southeast Asia's largest bank: DBS
Southeast Asia's largest bank DBS said that 4,000 jobs could be cut in the next three years and be replaced by artificial intelligence as the technology becomes more advanced.
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.
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 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,
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 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 ...
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 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 ...
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 ...
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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 ...
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.
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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 ...
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 ...
OCBC CEO Helen Wong thinks AI will create more banking jobs
As part of its earnings report, OCBC revealed that it will return 2.5 billion Singapore dollars to shareholders over two ...
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DBS to trim headcount by 10% amid AI integration
Singaporean lender DBS Group is set to reduce its employee headcount by 10% over the next three years as it incorporates AI ...