DBS flags 13,000 employees for upskilling, reskilling amid job cuts
The lender says its permanent staff across all its markets will not be affected by the reductions
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DBS has identified 13,000 employees that require upskilling or reskilling, in order to enable them to be future-ready, it said on Tuesday (Feb 25).
To date, more than 10,000 staff have commenced their respective learning road maps, which include skills related to artificial intelligence (AI) and data, said the bank.
This comes after Bloomberg on Monday reported that the lender plans to cut about 4,000 of its contract and temporary staff over the next three years, as AI increasingly takes on roles carried out by human beings.
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