DBS, Southeast Asia's largest bank, is cutting 4,000 temp roles due to AI: 'For the first time, I’m struggling to create jobs'

(Credit: Suhaimi Abdullah—Bloomberg via Getty Images)

DBS plans to reduce its headcount by 4,000 over the next three years, with outgoing CEO Piyush Gupta arguing that AI can help take on responsibilities previously carried out by human employees. 

Gupta revealed the plan at an IT event in India, according to the Press Trust of India. He noted that AI was unlike any other technology he’d dealt with in the past.