Norway's DNB bank plans to cut about 400 jobs as it expands use of artificial intelligence
DNB, Norway's largest bank, plans to cut roughly 400 jobs as it expands its use of artificial intelligence. The reorganisation will also affect the bank's employees in Latvia.
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DNB, the largest bank in Norway, plans to reduce its headcount by about 400 jobs. The reason is the bank's wider use of artificial intelligence (AI). The information was reported by Latvian Television (LTV), the country's public broadcaster.
The reorganisation will also affect DNB employees in Latvia. According to the headline of the LTV report, the bank's staff in Latvia are uncertain about their future.
The source gives no further details, such as which departments or positions will be affected, how many of the job cuts will fall in Latvia, or the timeline for the reorganisation.
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