Qantas is eliminating 850 local jobs, outsourcing back-office functions primarily to India through a partnership with Accenture. This move aims to modernize the airline's systems and processes, with the company stating it cannot hire fast enough to... — read more 

Qantas is implementing significant job reductions as part of its strategic shift towards artificial intelligence and operational efficiency. The Australian airline will eliminate approximately 850 positions, primarily affecting corporate functions... — read more 

Canva is undergoing a significant restructure, impacting 1,271 employees as the company aims to "refound" itself for future growth. This decision comes after a period of slowed revenue growth and investor markdowns on the company's valuation. Founder... — read more 

Tianqi Lithium Energy Australia has reduced its workforce at its Kwinana refinery. This action is part of a broader organizational restructuring. The company is implementing changes to its operational framework. Specific details regarding the number... — read more 

Reports suggest Canva might be planning further layoffs or a hiring freeze soon. This follows a recent reduction of 32 employees in the technical content department. Despite strong user growth in the past year, the company has significantly lowered... — read more 

Westpac has eliminated approximately 140 positions as part of an ongoing organizational overhaul. The bank stated these layoffs are due to shifting investment priorities, cost management, and evolving customer needs. Westpac explicitly denied that... — read more 

Non-bank lender MaxCap has implemented workforce reductions this week, citing a broader downturn in the private credit market. The company stated these redundancies are part of standard business management to optimize structure and resource... — read more 

Global financial institution Barclays is eliminating 5,000 positions as it integrates artificial intelligence into its operations. This move represents approximately 5% of its total global workforce. Concurrently, Australian bank Westpac is also... — read more 

Deloitte has eliminated approximately 170 positions in Australia. The company is reallocating these roles to its outsourcing division, where it plans to hire over 500 individuals. This strategic shift aims to bolster stable, recurring revenue... — read more 

Software company Atlassian is laying off approximately 1,600 employees, representing 10% of its global workforce. This significant reduction is part of a strategic shift towards artificial intelligence and enterprise sales. The majority of affected... — read more 

On Wednesday, BHP escalated its campaign by blaming “unsustainable” royalties and market conditions for its decision with its joint venture partner, Mitsubishi, to suspend operations at its Saraji South coalmine in the Bowen Basin, and slash 750... — read more 

In April, Opthea revealed that it would be reducing its headcount by 65% as it reels from two discontinued Phase III studies, but on Aug. 18, the Australian biotech revealed that the cuts would be steeper, affecting more than 80% of its employees... — read more 

Samsung Electronics Co. is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce global headcount by thousands of jobs, according to people familiar with the situation. The layoffs could affect about 10% of... — read more 

In a statement released this week, the company said: “SunDrive has undertaken a strategic review of its business to prepare the company for its next phase of commercialisation and sharpen its focus on where we see the greatest opportunity, solar... — read more 

Arcadium Lithium on Wednesday joined a growing list of producers reviewing lithium operations in Australia amid a rout in prices for the battery raw material that is expected to result in more production cuts. The lithium market is reeling from... — read more 

https://insideretail.com.au/business/country-road-group-may-layoff-staff-in-planned-restructure-202407

Australian studio Mighty Kingdom has announced a major staff layoff, with 28% of employees set to lose their jobs in a significant restructure. The move has been described as the “toughest chapter” in the history of the studio, which has been running... — read more 

National Australia Bank is preparing to cut around 60 jobs of the 600-staff at its markets division and undertake a broad restructuring exercise across its seven business, the Australian Financial Review said on early on Monday citing... — read more