DBS Group set to cut 4,000 jobs in next 3 years, CEO says

Quick Summary:

(Corrects to add dropped word "to" in the first paragraph)Mumbai : DBS Group plans to cut 4,000 jobs over the next three years as it expects artificial intelligence (AI) to increasingly take on roles carried out by humans, Chief Executive Officer Piyush Gupta said on Monday".

Gupta, however, said 1,000 new positions will be added in AI.

FILE PHOTO: A logo of DBS is pictured outside an office in Singapore January 5, 2016.

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Category: EconomyBusiness

Markets: Singapore

Topics: Three Workforce Added Mumbai Roles Time Years Jobs Piyush Gupta Create

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 19:42:40 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 253 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26373451

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