DBS, OCBC, UOB shed nearly 3,000 jobs in 2025 amid restructuring, productivity push
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[SINGAPORE] Singapore’s three local banks – DBS, OCBC and UOB – saw their combined workforce shrink by nearly 3,000 roles in 2025, mirroring a broader trend of workforce reductions across the global banking sector amid restructuring and productivity efforts.Combined, the three lenders employed 104,266 people at end-2025, down 2.6 per cent, or 2,806 employees, from 107,072 at end-2024, based on data from Bloomberg.DBS accounted for about three-fifths of the total decline. Its workforce fell 3.9 per cent, or 1,624 employees, to 39,721 at end-2025.
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