Australian lender CBA to cut 45 jobs in AI shift, draws union backlash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 29 2025
0mins
Source: Reuters
Job Cuts at Commonwealth Bank: Commonwealth Bank of Australia is cutting 45 jobs as part of its transition to artificial intelligence, leading to accusations from the Finance Sector Union that the bank is prioritizing automation over frontline roles.
Investment in Technology and Reskilling: The bank is investing over A$2 billion in operations and technology, claiming it is also creating new roles and offering reskilling opportunities for affected employees, while denying allegations of offshoring jobs.
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.
