
Commonwealth Bank of Australia cuts 170 technology jobs, roles to be allocated to teams between "Australia and India"
Also confirmed by the FSU: https://www.fsunion.org.au/cba-job-cuts-your-rights-and-union-feedback/
>CBA has proposed another round of job cuts. This time, 274 jobs are expected to go - 176 of those cuts come from within Technology, with Engineering roles facing the brunt of the cuts.
>Other areas impacted by the changes include roles in the Chief Operations Office, Business Banking, Institutional Banking & Markets, HR, Retail Banking and Support Units.
>Tragically, these cuts will also have a significant impact on Bankwest, with support roles cut due to the closure of branches and functions absorbed into CBA.
>CBA has attributed the cuts to workflow automation, realignments, streamlining and consolidating functions.
>Once again, we are seeing CBA cutting local Technology jobs in favour of cheaper offshore labour, as the bank expects 54 of the 176 roles to have “remaining tasks which may be performed across teams located between Australia and India”.