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DBS Bank to cut 10 percent jobs in 3 years as AI adoption rises
short by / on Tuesday, 25 February, 2025
The Singapore-headquartered DBS Group expects a 10 percent reduction in its staff strength over the next three years as the banking major is deploying artificial intelligence (AI) in its working operations, its Chief Executive Officer Piyush Gupta said on Monday. The bank has also added 1,000 people in AI, he pointed out.