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Commonwealth Bank cuts 119 jobs despite overall workforce growth, citing internal program completion and evolving skills.
Commonwealth Bank is cutting 119 jobs, citing internal program completion and evolving skills, though the Finance Sector Union criticized the move as a "blanket wipeout" amid rising AI concerns.
While the bank noted an overall 2,500-person workforce increase, it faces employee anxiety over job security, prompting a voluntary transition program to assist staff.
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Commonwealth Bank recorta 119 empleos a pesar del crecimiento general de la fuerza laboral, citando la finalización del programa interno y la evolución de las habilidades.