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
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 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
Daily Cuts - 4000 jobs leaving DBS due to AI
Singapore Today's Lance Alexander and Daniel Martin speak with Dr Ng Weiyi, Assistant Professor from the Department of Strategy and Policy at the NUS Business School on DBS Group's latest announcements on its plans to cut 4,
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.
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.
Singapore’s Biggest Bank DBS Will Cut 4,000 Roles Due To AI Shift
Singapore’s biggest bank DBS will cut 4,000 roles as AI automates several tasks. DBS, Singapore’s biggest bank, has announced plans to cut 4,000 temporary and contract roles over the next three years.
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 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
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 ...
DBS Reaffirms Their Buy Rating on PropNex Ltd. (OYY)
DBS analyst Tabitha Foo maintained a Buy rating on PropNex Ltd. (OYY – Research Report) today and set a price target of S$1.25. The company’s ...
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Ryan Moore holds key to DBS x Manulife Million Challenge at Happy Valley
Returning to Hong Kong for a short-term riding stint, Ryan Moore could determine the outcome of the DBS x Manulife Million ...
'All the resources needed' for Purdue football to succeed brought DBs coach from Memphis
Charles Clark spent five seasons at Memphis, where he was associate head coach. He comes to Purdue to lead the defensive ...
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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 ...
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DBS and CGSI anticipate Genting Singapore 3QFY2025 earnings pick up with attraction and retail reopenings
Genting Singapore’s adjusted earnings before interests, taxes and depreciation (ebitda) improved 7.6 percentage points (ppts) ...
DBS Group to shrink workforce by 4,000 in 3 years due to AI adoption: CEO Piyush Gupta
Gupta said AI is different and unlike any other technologies adopted in the past, and added that he is struggling to create ...