TechBloomberg Tech1h ago
Westpac Axes 140 More Roles
Westpac Axes 140 More Roles as Australia Bank Job Cuts Intensify
TL;DRWestpac cutting 140 jobs; AI and weak housing market blamed.
Why it matters: Australian banking layoffs signal broader sector automation trend affecting employment.
Westpac Banking Corp. is cutting another 140 roles, the latest sign that Australia’s weak housing market and an increased use of artificial intelligence technology are biting into the country’s workforce.
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