Skip to Main content

5.83°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Feb 25, 2025 8:47 PM - Connect Newsroom

DBS Bank Announces Job Cuts Due to AI, But New Opportunities Also Expected

Share On

dbs-bank-announces-job-cuts-due-to-ai-but-new-opportunities-also-expected

The bank's CEO, Piyush Gupta, stated that approximately 1,000 new AI-related jobs will be created in the coming years.

Singapore's largest bank, DBS, has announced that up to 4,000 employees could lose their jobs due to artificial intelligence over the next three to four years. A DBS spokesperson clarified that the layoffs will primarily impact temporary and contract employees.

The bank's CEO, Piyush Gupta, stated that approximately 1,000 new AI-related jobs will be created in the coming years. However, the company did not specify how many employees would be laid off in Singapore.

DBS currently employs between 8,000 and 9,000 temporary and contract workers, out of a total workforce of 41,000. Last year, CEO Piyush Gupta mentioned that DBS Bank had been working on AI for over a decade.

Latest news

Police investigate suspected extortion-linked shots fired at Cloverdale business

Surrey RCMP’s Provincial Operations Support Unit is investigating after shots were fired at a business in the 5400 block of Production Boulevard, with police saying the incident is believed to be linked to extortion. According to RCMP, officers were called on March 30 at about 9 a.m. after a report that multiple gunshots had been fired sometime overnight. Investigators have since confirmed the shooting occurred at approximately 12:49 a.m. that morning. Police and the business owner reported damage to the exterior of the property. No one was inside the business at the time and no injuries wer

former-punjab-minister-laljit-singh-bhullar-remanded-for-three-more-days-in-suicide-case-probe

IndiaMar 30, 2026

Former Punjab minister Laljit Singh Bhullar remanded for three more days in suicide case probe

A court in Punjab has extended the police remand of former Aam Aadmi Party minister Laljit Singh Bhullar by three days after his initial five-day custody period ended. He was produced in court following the expiry of the earlier remand. According to police, investigators have not yet recovered key evidence, including a mobile phone, during questioning. Authorities told the court that further custodial interrogation is required as part of the ongoing investigation. Bhullar was arrested in connection with the death of Gagandeep Singh Randhawa, a district manager with the Punjab Warehousing Corpo

b-c-union-calls-for-expanded-work-from-home-policy-amid-rising-fuel-costs

B.C. union calls for expanded work-from-home policy amid rising fuel costs

The B.C. General Employees’ Union is urging the provincial government to allow full-time remote work for provincially regulated employees as fuel prices rise, citing financial pressure on workers. In a statement, the union – which represents about 35,000 public service workers among more than 95,000 members – said a temporary work-from-home policy would help offset costs linked to higher gasoline prices. The increase is tied to global supply concerns amid the ongoing Iran conflict, according to the union. The union also called on the province to consider additional relief measures for em

b-c-conservative-leadership-candidate-fulmer-signs-electoral-pact-with-onebcs-brodie

B.C. Conservative leadership candidate Fulmer signs electoral pact with OneBC’s Brodie

B.C. Conservative leadership candidate Yuri Fulmer has entered into a “unite the right” agreement with former Conservative MLA Dallas Brodie, aimed at preventing vote-splitting if Fulmer becomes leader of the Opposition. According to a joint statement released by the two camps, Brodie’s OneBC party would refrain from running candidates in 88 of British Columbia’s 93 ridings. In exchange, the Conservatives would not field candidates in five unspecified ridings. Brodie, who was removed from the Conservative caucus last year by then-leader John Rustad, said she is offering her “full sup

authorities-warn-of-world-cup-related-fraud-schemes-as-tournament-approaches

CanadaMar 30, 2026

Authorities warn of World Cup-related fraud schemes as tournament approaches

Canadian authorities are warning residents and international visitors to be alert to fraud schemes linked to the upcoming FIFA World Cup, as demand grows for tickets, travel and accommodations. The Canadian Anti-Fraud Centre, along with policing partners in host cities Toronto and Vancouver, issued the advisory, saying fraudsters may attempt to exploit interest in the tournament, which Canada is co-hosting with the United States and Mexico. According to the Canadian Anti-Fraud Centre, investigators are tracking several types of suspected scams, including fake ticket sales, fraudulent short-ter

Related News

27 missing after passenger boat sinks in rough seas in eastern Indonesia

27 missing after passenger boat sinks in rough seas in eastern Indonesia

Search and rescue teams were deployed Monday after a passenger boat sank in rough seas off eastern Indonesia, leaving 27 people missing, according to local authorities. Muhammad Rizal, head of the search and rescue office in Palu, Central Sulawesi, said the vessel, identified as Nazila 05, was travelling from Taliabu Island in North Maluku province to the coastal village of Kema when it encountered severe weather late Sunday. According to Rizal, the boat’s captain contacted the owner early Monday to report that the bow had broken after being struck by high waves. Roughly 30 minutes later, th

Spain restricts U.S. military access to airspace, bases amid Iran conflict

Spain restricts U.S. military access to airspace, bases amid Iran conflict

Spain has barred U.S. military aircraft from using its airspace and bases in connection with ongoing operations involving Iran, according to a statement by the country’s defence ministry. Defence Minister Margarita Robles said Spain will not allow its territory or infrastructure to be used for military actions linked to Iran. The restriction applies to U.S. military flights, while commercial and emergency aircraft are exempt. The decision means U.S. aircraft will need to reroute operations that would typically pass through Spanish-controlled airspace or rely on Spanish military facilities. P

Bolsonaro moved to house arrest after hospital discharge in Brazil

Bolsonaro moved to house arrest after hospital discharge in Brazil

Brazil’s former president Jair Bolsonaro has been released from hospital in Brasília and will continue serving a 27-year sentence under house arrest, following a ruling by the country’s top court. According to a decision by the Supreme Federal Court earlier this week, Bolsonaro was granted permission to serve his sentence at home due to declining health. The court said the arrangement is subject to review within 90 days. Bolsonaro was discharged Friday morning from DF Star hospital in the capital. He then travelled to his residence in the Jardim Botânico neighbourhood, where he lives wit

Legals

Journalism code of ethics

© 2021 AKASH Broadcasting Inc.

MANAGED BY STRATWIT

useful links

Accessibility Plan

BC Children's Hospital