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 artificial intelligence adoption is the cause of these redundancies. This action follows a previous round of job cuts earlier this month. The bank aims to support departing employees with career transition assistance.
Sydney, Australia
https://anz.peoplemattersglobal.com/news/strategic-hr/westpac-cuts-140-jobs-but-insists-ai-is-not-behind-the-layoffs-52932