AI Takes Over: DBS Bank To Lay Off 4,000 Workers, Hire New 1,000 AI-Focused Roles

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DBS | DBS Bank | DBS News | DBS Bank News | DBS AI | DBS Layoff | Lay Off | Layoff News | DBS Lay Off News | DBS To Layoff 4000 Workers | DBS to Hire 1000 AI Workers
In a major shift driven by artificial intelligence (AI), DBS Group is set to cut 4,000 temporary jobs over the next three years. And this is because the bank expects artificial intelligence to take on roles carried out by humans. This marks one of the first significant instances where AI is replacing human roles in banking. While the Singapore-based lender plans to eliminate these positions, it also aims to create 1,000 new roles focused on AI, signaling a fundamental transformation in the workforce. Watch!

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