Singapore’s largest bank DBS will cut 4,000 roles for covering AI

The largest bank in Singapore says he expects 4,000 roles in the next three years, because artificial intelligence (AI) is doing more work done by people.

“Decreasing the labor force will play a role of temporary and contractual role in natural charm,” BBC has been announced.

Permanent employees are not expected to be affected by the cuts. The bank’s leading executive director Piyush Gupta also said he expects him to create about 1,000 new AI jobs.

This is one of the first major banks to give a detailed information about how the EU will affect its activities.

The company did not say how much work in Singapore will cut or what roles will be affected.

DBS is currently a temporary and contract employee between 8,000 and 9,000. The bank consists of only 41,000 people.

Last year, Mr. Gupta said that DBS was working on AI for more than a decade.

“Today we place more than 800 AI models in 350 cases, and we expected them to be measured in 2025 and the measured economic impact on the size of 3 ($ 745 million).

Mr. Gupta is built to leave the firm at the end of March. Deputy CEO of CEO will replace it in Tan Water Shan.

With the focus of its benefits and risks in the continuous spread of AI technology, with In 2024, the International Monetary Fund (IMF) said About 40% of all the work of the world are set to affect.

The IMF managing director Kristalina Georgieva said, “In most scenarios, the AI ​​will probably worsen the general inequality.”

This Bank of England Governor Andrew Bailey, said BBC Last year, the AI ​​will not be “mass destruction of the work” and human workers will learn to work with new technologies.

Mr Bailey said that while there were risks with AI, “he has great potential with him.”