Commonwealth Bank of Australia Set to Cut 119 Jobs Again as AI Push Deepens, Bankwest Hit
Commonwealth Bank of Australia will cut 119 jobs, according to the Finance Sector Union, as it increases automation and AI use. The bank did not confirm the figure but acknowledged some roles are being reduced. The move follows record first-half cash profit of A$5.45 billion in February. Other major Australian banks have also announced job cuts tied to technology changes in recent months.