Westpac’s Latest Job Cuts Not AI-Driven, Spokesperson Says
8 Articles
8 Articles
Westpac’s latest job cuts not AI-driven, spokesperson says
Oct 22 (Reuters) - About 140 roles affected by workforce changes at Australian lender Westpac this week were part of a broader organisational restructure, not AI-driven job cuts, a spokesperson told Reuters on Thursday. The Finance Sector Union, whic...
Sydney Morning Herald
Hundreds of Westpac jobs on the chopping block
Hundreds more jobs are on the chopping block at Westpac, following major cuts at NAB.
Westpac Axes 140 More Roles as Australia Bank Job Cuts Intensify
Westpac Banking Corp. is cutting another 140 roles, the latest sign that Australia’s weak housing market and an increased use of artificial intelligence technology are biting into the country’s workforce.
On October 22, Westpac announced it would cut another 140 jobs across multiple departments. This followed previous announcements of 102 job cuts in risk management, institutional banking, and treasury teams. With only two weeks between the two rounds of layoffs, unions are concerned the bank may further reduce staff.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
