Norway's DNB cuts 400 jobs as AI automates tech and service roles

DNB, Norway's largest bank, announced plans to cut approximately 400 jobs in its technology and service departments, citing increased use of AI for tasks like coding and customer data control. CEO Kjerstin Braathen noted significant efficiency gains, with downsizing expected by year-end. This reflects a broader trend of AI-driven workforce restructuring in financial services, potentially signaling sector-wide cost pressures and labor market implications.