DBS Group plans to cut 4,000 temporary jobs over the next three years as it expects artificial intelligence (AI) to ...

Reductions will come from natural attrition, DBS said, and permanent staff will not be affected. Read more at ...

A Bloomberg Intelligence report last month said global banks were expected to cut as many as 200,000 jobs in the next three ...

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.

As part of its earnings report, OCBC revealed that it will return 2.5 billion Singapore dollars to shareholders over two ...

DBS Bank, Singapore’s largest financial institution, is set to cut 4,000 temporary and contract positions over the next three ...

DBS has become the first major Asian bank to say it will make significant job cuts as a result of its use of AI. The cuts come after Italy’s Intesa Sanpaolo said late last year that it could slash up ...

Although the bank, which currently employs around 41,000 people, did not provide further details on where the jobs are ...

Singapore's largest bank DBS to reduce 4,000 jobs amid Artificial Intelligence implementation | One of India's leading ...

Even as companies replace human employees with Artificial Intelligence, validating fears of “AI will take our jobs”, new jobs ...

Piyush Gupta, the outgoing CEO of DBS, noted that the bank plans to create around 1,000 new jobs in the AI-focused sector ...