Fubon to maintain workforce amid AI advancements

TAIPEI (TVBS News)—The Fubon Group (富邦集團) released an internal letter on Friday (Feb. 7) in which the chairman assured employees that despite the rise of AI applications, the company does not intend to significantly reduce its workforce, aiming to enhance productivity with the current team size.

Chairman Daniel Tsai (蔡明忠) highlighted a foreign fintech company that reduced its staff from 400 to 100 by utilizing Chat GPT, with AI providing nearly all financial advisory services. He believes Fubon Group's internal Copilot initiative, which covers programming, presentations, and information retrieval, will drive exponential business growth.

Tsai also addressed challenges arising from policy shifts after U.S. President Donald Trump took office, including Taiwan's trade surplus and monetary policy pressures.

Meanwhile, Fubon Financial Holding (富邦金) has shown impressive performance since the start of the year, with Fubon Life Insurance (富邦人壽) and Taipei Fubon Commercial Bank (台北富邦銀行) demonstrating remarkable profitability.

Richard M. Tsai (蔡明興), chairman of Fubon Financial Holding, noted in the letter that the company overcame international conflicts and interest rate challenges last year, achieving a post-tax net profit exceeding NT$150 billion for the first time. Looking ahead, he urged employees to navigate the rapidly changing international political and economic landscape, Trump's policy changes, and global climate change challenges with caution.