ANZ in Australia Provides Counseling Following Early Job-Cut Notifications

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Aug 28 2025

0mins

Source: Reuters

Mistaken Email Notification: ANZ Group mistakenly sent automated emails to some staff in its retail division, informing them of job cuts before official notifications were made.
Apology and Support Offered: The bank apologized for the error and offered psychological counselling to affected employees, emphasizing the need for respectful communication during organizational changes.
Strategic Review Under New CEO: The incident occurred as ANZ undergoes a strategic review led by new CEO Nuno Matos, who was appointed in May.
Union's Response: The Finance Sector Union criticized the bank's handling of the situation, stating that the chaotic pace of changes under the new CEO contributed to the blunder.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

ANZ in Australia Provides Counseling Following Early Job-Cut Notifications

About the author

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