DBS Group set to cut 4,000 contract, temporary jobs in next 3 years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
0mins
Source: Reuters
Workforce Reduction Announcement: DBS Group plans to cut 4,000 contract and temporary staff as it increasingly adopts artificial intelligence (AI) in its operations, with the reduction occurring over the next three years through natural attrition.
Leadership Transition: CEO Piyush Gupta will be succeeded by Tan Su Shan on March 28, with assurances that permanent staff positions will remain unaffected by the workforce changes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
