Kasikornbank (KBank) is offering an early retirement programme to employees aged 45 and older. This initiative responds to the disruptive influence of artificial intelligence (AI) within the banking sector. Reportedly, other banks are considering similar schemes.
AI's increasing capabilities are reshaping job roles, with some tasks now handled more efficiently by AI-powered tools. This has led to a reduced demand for certain positions, particularly in back-office, middle-office, and operational functions.
KBank aims to enhance productivity and leverage technology to improve services. The early retirement programme aligns with this strategy, allowing the bank to adapt to the evolving technological landscape and optimise its workforce.
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