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flag DBS Group plans to cut 4,000 jobs due to AI adoption, reflecting a broader banking trend.

flag DBS Group, Southeast Asia's largest bank, plans to cut about 4,000 contract and temporary jobs over the next three years due to increased use of artificial intelligence. flag CEO Piyush Gupta says AI will automate many roles, though permanent positions won't be affected. flag This reflects a broader trend in banking, with up to 200,000 global job cuts expected over the next few years as AI adoption grows.

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