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DBS to 'shrink workforce' by 4,000 in 3 years due to AI adoption

YourStory LogoYourStory12h ago

DBS to 'shrink workforce' by 4,000 in 3 years due to AI adoption - YourStory

Quick Summary:

"This year, my current projection is that in the next three years, we are going to shrink our workforce by 4,000 or 10%," said CEO Piyush Gupta.

The group is using AI across the business now, including customer outreach, credit underwriting and also hiring, Gupta said, adding that its first brush with AI in 2012-13 was not very successful.

It can self-create and also mimic".

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 07:51:10 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 26367714

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 13 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

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The story "DBS to 'shrink workforce' by 4,000 in 3 years due to AI adoption" was covered 12 hours ago by YourStory, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 13 news stories per day.

It's most recent story was published 9 hours ago.

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  • URL: https://chronographically.beamstart.com/news/dbs-to-shrink-workforce-by-17403839856576

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