[Sg] Billionaire ex-CEO of DBS Piyush Gupta says up to 9000 DBS employees will have to be retrenched as their roles now taken over by AI. New CEO: YES

[UltimaOnline]

Oops! Mods pls merge :

P

Chitchat Thread 'Wonderful News! 4000 JLB sinkies leeplacsd by AI at DBS!'

Feb 24, 2025

DBS CEO sees job cuts of 4,000 temp staff as AI replaces roles​

BloombergMon, Feb 24, 2025 • 04:31 PM GMT+08 • 2 min read

Permanent staff will not be affected, the outgoing CEO said. DBS, based in Singapore, has around 41,000 staff. Photo: Bloomberg...

• Pinkieslut
• Replies: 18
• Forum: The Courtyard Café

https://www.theedgesingapore.com/ne...es-job-cuts-4000-temp-staff-ai-replaces-roles

 

[k1976]

OMG

 

[k1976]

How many are Sinki?

 

[A Singaporean]

Foreigners do not have to worry. They are protected by PAP.

 

[k1976]

Foreigners do not have to worry. They are protected by PAP.

Sinki has CDC vouchers mah

 

[k1976]

Sinki real hidden power 神功护体

 

[millim6868]

Work permit ,s pass,ep,are safe ,think should be majority sinkies,can ask them to reveal who ,lol,but all will be fake,lol

 

[Chase]

They are using AI as an excuse. The lay-offs are real and there'll be ripple effect.

 

[sbfuncle]

They are using AI as an excuse. The lay-offs are real and there'll be ripple effect.

I believe so.
Those jobs they cut is not being replaced by AI.
Just that the ceo realised they are jlbs
They are not to scale to implement jobs to be taken by AI yet.

 

[Chase]

I believe so.
Those jobs they cut is not being replaced by AI.
Just that the ceo realised they are jlbs

Many foreign banks in Singapore are also cutting jobs this year.
many are just "re-hiring"

This year, banks are making huge profits, hsbc and likes doing shares-buyback with their spare cash but the job market is restructuring. Now, it is 1/3 cheaper to re-hire for the same job-scope.

 

[sbfuncle]

Many foreign banks in Singapore are also cutting jobs this year.
many are just "re-hiring"

This year, banks are making huge profits, hsbc and likes doing shares-buyback with their spare cash but the job market is restructuring. Now, it is 1/3 cheaper to re-hire for the same job-scope.

Tiok lah.
All bullshits using AI as the subject.