ANZ, the Australian bank, plans to reduce its workforce by 3,500 positions by the end of 2026.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2025
0mins
Source: Reuters
Job Cuts Announcement: ANZ Group plans to cut 3,500 jobs by September 2026 as part of a restructuring effort aimed at simplifying operations and reducing internal complexity.
Financial Impact: The restructuring is expected to incur a charge of A$560 million ($368.98 million) in the second half of fiscal 2025, including a review of engagements with around 1,000 managed services contractors.
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.
