Australia bourse operator starts consultation process for potential job cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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Source: Reuters
Job Cuts and Consultation: The Australian stock exchange operator ASX has initiated a consultation process regarding potential job cuts, with plans to reduce its workforce by approximately 100 positions, which represents about 8% of its total staff. This decision comes amid increasing regulatory scrutiny and a recent restructuring effort.
Regulatory Challenges: ASX is facing heightened scrutiny from regulators due to a significant tech outage and ongoing legal actions related to its clearing and settlement system upgrades. Despite these challenges, shares in ASX rose by 1.8% following the announcement of proposed reforms aimed at enhancing Australia's capital markets.
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.
