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Singapore Bank to Cut 4,000 Roles as Use of AI Rises – BBC

Asia Financial LogoAsia Financial11h ago

Singapore Bank to Cut 4,000 Roles as Use of AI Rises – BBC - Asia Financial

Quick Summary:

Some 4,000 roles are expected to be cut over the next three years as AI takes on more work done by humans, a report by the BBC said, citing a bank spokesperson

The post Singapore Bank to Cut 4,000 Roles as Use of AI Rises – BBC appeared first on Asia Financial.

Outgoing CEO Piyush Gupta said DBS – which employs around 41,000 people, including 8,000 to 9,000 temporary or contract workers – also expects about 1,000 people will be hired to perform new AI-related jobs.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 11:41:33 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 168 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 26433774

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About Asia Financial

Main Topics: InvestingBusiness

Official Website: asiafinancial.com

Update Frequency: 3 posts per day

Year Established: 1990

Headquarters: Hong Kong

News Last Updated: 9 hours ago

Coverage Areas: Hong Kong

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: #86

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  • URL: https://chronographically.beamstart.com/news/singapore-bank-to-cut-4000-17404858755412

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