The largest bank in Singapore DBS plans to abolish 4,000 jobs in the next three years, because artificial intelligence (AI) takes over more and more jobs that are currently performing people.
– The decrease in the number of employees will come to natural outflow, because the temporary and contractual affairs will gradually disappear in the coming years – said the DBS spokesman for the BBC.
It is expected to be constantly employed will not be affected by these cuts. Departure CEO Piyush Gupta also stated that the bank plans to create about 1,000 new jobs related to AI.
Thus, DBS became one of the first major banks that revealed details on how and influence its business.
The company did not specify how many jobs will be abolished in Singapore, or which jobs will be affected, brothel transmits.
The DBS currently has between 8,000 and 9,000 temporary and contractual workers. In total, the Bank employs about 41,000 people.
Last year, Gupta stated that the DBS works on the development of artificial intelligence for more than a decade.
– Today, we use more than 800 AI models in over 350 usage cases and expect their measurable economic influence to exceed a billion Singapore dollars (USD $ 592 million) in 2025. Years – he added.
