NAB to cut 2,500 jobs in massive restructure
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Bank says bulk of redundancies will occur before end of year, citing challenging economy, competition and ‘rapid technological change’ Get our breaking news email , free app or daily news podcast National Australia Bank is cutting 2,500 jobs, representing 6% of its workforce, marking another significant round of cuts in a sector heavily exposed to disruption by artificial intelligence. NAB said in a statement on Tuesday that the bulk of the redundancies would occur before the end of the year, citing a challenging economy, competition and “rapid technological change”. Continue reading...
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- https://www.theguardian.com/australia-news/2026/oct/20/nab-bank-restructure-2500-jobs-cuts
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- 20/10/2026 00:58 UTC
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- 20/10/2026 01:26 UTC
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