Commonwealth Bank of Australia cuts 170 technology jobs, roles to be allocated to teams between "Australia and India"

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”.

grafa.com
u/Own_Oil7951 — 1 day ago

Why aren't bikes allowed on buses but surfboards are?

Its kinda ridiculous you can't get around the Northern Beaches without a car if you've got a bike with you. And there's no alternatives like trains either.

reddit.com
u/Own_Oil7951 — 3 days ago

How do you report self-employment income?

I don't see an option to change it in my "Next reporting date" or any other options on Centrelink website. Before I wait 3 hrs for a Centrelink call center - are there ways to report it? I just started a small contract and registered an ABN but there's nowhere on the website to report this change of situation.

reddit.com
u/Own_Oil7951 — 9 days ago
▲ 442 r/auscorp

What's with the dead work culture in Sydney?

I think there's something off with Sydney's work culture compared to overseas countries in Europe (but born in Sydney).

- none of my coworkers drink or do anything socially after-work.

- when I casually bring up it would be good to see some art galleries or see a movie; they claim they need to rush back home to the suburbs

- everyone just stares at their computer screens all day

This is fine and all, and I do so myself when I'm concentrating - but it feels like no one strikes up a casual conversation when we are in the office at all - which kind of defeats the notion of collaborating & coming up with ideas "in-person".

I already work hybrid but I feel confused while no one has motivation to be curious about the person they are sitting next to for 8 hrs.

reddit.com
u/Own_Oil7951 — 13 days ago
▲ 9 r/sydney

Anyone know some good places to learn Dutch? Preferably around the CBD

^yep this. Anyone know places to get classes preferably around the CBD / after hours?

reddit.com
u/Own_Oil7951 — 14 days ago
▲ 283 r/cscareerquestionsOCE+1 crossposts

Another tech redundancies coming from Woolies

They are moving IT jobs in Asia. Not sure where. I think it's time for the government to step in and put a limit or restrictions (or incentives). Years ago they said there's not enough IT workers but now there's not enough roles for us as they are now offshore.

What's left for Australians or tech immigrants who thought there's something for them here?

As someone who's still looking for a job after being made redundant, I feel bad for the ones affected by this. :(
It's a tough situation.

reddit.com
u/New-Software-2288 — 27 days ago

For those in tech, is the job market worse in Melbourne than in Sydney?

I'm working in tech atm - but looking to move out of Sydney cause its so damn expensive. Is the job market more or less the same as Melbourne?

reddit.com
u/Own_Oil7951 — 1 month ago

Anyone want to go check out some clubs?

I haven't really gone clubbing in Sydney. Anyone want to go check out some on a Friday night or places with good music? Eg. Scary Canary

reddit.com
u/Own_Oil7951 — 1 month ago

Betashares is giving away up to $40! Get $20 on signup and another $20 when you deposit $50

https://links.betashares.com.au/referral/r-chee95

Betashares is giving away up to $40!

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u/Own_Oil7951 — 1 month ago

Would be people be interested in getting a daily digest / newsletter of retail / hospo jobs near them?

Just testing some ideas in recruitment to get job seekers into roles... what do you think are hardest parts looking for casual or part-time roles?

Would you pay like $30/mth for someone to apply to those jobs on your behalf too?

reddit.com
u/Own_Oil7951 — 1 month ago

Do you think Australia is slowly becoming the UK?

I don’t mean that Australia is literally turning into Britain, but I do wonder whether we’re starting to drift into a similar political and economic trap: low growth, high expectations, an ageing population, broken housing markets, stretched public services, and a political class that seems increasingly unable to make hard long-term decisions.

The UK’s problem seems to be that the old governing bargain has broken down. For decades, growth, rising wages, rising house prices and expanding public spending helped paper over a lot of tensions. But once growth slowed, every decision became zero-sum. More money for health means less for tax cuts. More support for pensioners means less for younger workers. More housing means upsetting existing homeowners. Everything becomes a fight between groups who all feel like they are already losing. For example; GDP per capita declined in the UK for a decade - with real wages expected to only about 0.3% per year on average resulting in stagnant living standards.

Australia feels like it could be heading in that direction. Housing is probably the clearest example. We say we want affordable homes, but we also protect existing property values, restrict supply, oppose density, and make it incredibly hard to build in the places people actually want to live. The result is a system that increasingly benefits older asset owners (via CGT / negative gearing grandfathering) while younger people are told to just work harder, move further out, or accept a permanently lower standard of living (lowered by mass immigration).

Public services are another parallel. Australians are paying a lot in tax, but many people still feel like Medicare is weaker, bulk billing is harder to find, infrastructure is lagging, universities are degraded & are visa mills, and the NDIS (growing at 10% pa), aged care and hospitals are under constant pressure. Like the UK, we risk ending up with the worst political combination: high taxes, expensive housing, strained services, and no strong sense that things are improving.

There’s also the broader issue of state capacity. Governments announce targets, reviews, schemes and strategies, but delivery often feels slow or underwhelming. Housing targets don’t translate into enough homes. Infrastructure blows out. Energy policy becomes a decade-long argument. Migration is used to prop up growth, but infrastructure and housing don’t keep up. You get the same cycle: big announcement, messy rollout, public frustration.

The political incentives make it worse. Any serious reform would create losers before it creates winners. Planning reform annoys homeowners. Tax reform annoys asset holders. Welfare reform annoys recipients. Migration reform annoys business or voters, depending on the direction. So governments tend to avoid the biggest structural problems and focus on smaller measures that sound practical but don’t really shift the system.

That’s why I think the UK comparison is worth discussing. The danger isn’t that Australia collapses overnight. It’s that we slowly become a richer-looking but lower-mobility, lower-growth, more frustrated country where everyone knows the system isn’t working, but no government can build a mandate to fix it. And also we aren't sure how the economy should look like:

- low tax, high earning society or an European style tax heavy, public-service heavy welfare system?

- building housing on national parks / green fringes or infill into existing areas

- mass immigration vs boosting the fertility rate

Maybe the real question is: are we still capable of making trade-offs honestly? Or are we going to keep pretending we can have cheap housing without building, strong services without higher taxes or reform, high migration without infrastructure pressure, rising living standards without productivity growth, and intergenerational fairness without upsetting asset owners? It seems many people want mutually incompatible things: Scandinavian-gov style services, low American-style taxes, cheap housing with quarter acre-blocks, higher job creation that only results from higher business dynamics, and high wages without higher prices and growth without disruption.

reddit.com
u/Own_Oil7951 — 2 months ago

Coalition wants to slash migration, but businesses say economy needs skills

dont you know, cutting immigration is racist /s

abc.net.au
u/Own_Oil7951 — 2 months ago

Are Workforce Australia activities mandatory?

Looks I had to enrol into an Employability Skills Training program. Is there anyway to get out of it since its likely going to be a waste of time?

reddit.com
u/Own_Oil7951 — 2 months ago