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DBS Cuts 4,000 Jobs, Creates 1,000 AI Roles

2/25/2025

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Summary

Story summary

DBS Group Holdings in Singapore is set to streamline its workforce by cutting 4,000 contract and temporary positions over the next three years, as AI technology reshapes the banking landscape. While permanent staff will remain secure, the bank anticipates creating 1,000 new roles focused on AI. Piyush Gupta will hand over the reins to Tan Su Shan on March 28.

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Story summary

DBS Group Holdings in Singapore is set to streamline its workforce by cutting 4,000 contract and temporary positions over the next three years, as AI technology reshapes the banking landscape. While permanent staff will remain secure, the bank anticipates creating 1,000 new roles focused on AI. Piyush Gupta will hand over the reins to Tan Su Shan on March 28.