"Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across ...

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

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

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

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

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 ...

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

The bank clarified that permanent staff members will not be impacted by these changes, which are part of a broader strategy ...

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 ...