Commonwealth Bank Australia

Company CBA.AX

Last mentioned: Feb 25, 2026

Timeline

  1. Job Cuts & AI Program

    CBA announces 300 redundancies and a $90M Future Workforce Program.

  2. Union Backlash

    FSU criticizes the move, demanding retraining for displaced workers.

  3. Record Profits Reported

    CBA posts half-yearly profit exceeding $5 billion.

Stories mentioning Commonwealth Bank Australia 1

talent Bearish

CBA Cuts 300 Jobs While Investing $90M in AI-Ready Workforce Program

Commonwealth Bank of Australia has announced 300 redundancies across retail and HR divisions alongside a $90 million investment in its 'Future Workforce Program.' The initiative aims to reskill employees for an AI-driven future, though union leaders have criticized the job cuts following record bank profits.

4 sources