# Commonwealth Bank Australia

Type: Company (CBA.AX)

Source: GetYourBrief — https://getyourbrief.com/entity/commonwealth-bank-australia
Canonical HTML page: https://getyourbrief.com/entity/commonwealth-bank-australia

## Timeline

- **2026-02-24**: Job Cuts & AI Program — CBA announces 300 redundancies and a $90M Future Workforce Program.
- **2026-02-24**: Union Backlash — FSU criticizes the move, demanding retraining for displaced workers.
- **2026-02-10**: Record Profits Reported — CBA posts half-yearly profit exceeding $5 billion.

## Recent coverage (1 stories, network-wide)

### CBA Cuts 300 Jobs While Investing $90M in AI-Ready Workforce Program
2026-02-25 00:18:34 · Sector: hr · Sentiment: Negative · Impact: 6/10 · Sources: 4

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.
Full story: https://gethrbrief.com/story/cba-job-cuts-ai-workforce-program

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