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 major asia bank


Major Asia bank to cut 4,000 roles as AI replaces humans

BBC News

The company did not say how many jobs would be cut in Singapore or which roles would be affected. DBS currently has between 8,000 and 9,000 temporary and contract workers. The bank employs a total of around 41,000 people. Last year, Mr Gupta said DBS had been working on AI for over a decade. "We today deploy over 800 AI models across 350 use cases, and expect the measured economic impact of these to exceed S 1bn ( 745m; 592m) in 2025," he added.

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  Industry: Banking & Finance (0.61)