Latest News About Commonwealth Bank Job Cuts

Updated 2026-05-10 08:04

I can help with the latest news, but I don’t have live access to news feeds in this chat. Here’s what’s currently circulating about Commonwealth Bank job cuts based on recent public reporting:

Late 2024 to 2025: Reports indicated hundreds of job cuts across Australia as the bank pursued efficiency, with Bankwest branches also being closed or migrated toward digital banking. The Finance Sector Union (FSU) tracked specific reductions and highlighted ongoing concerns about impact on workers.[1][2]
Early 2025 to 2026: Media outlets continued to cover further rounds of reductions, including back-office and ICT-related roles, amid automation and digitalization efforts. There were also discussions about retraining and reassignment programs for affected staff.[4][7]
2026 developments: Several outlets, including Australian outlets, have referenced additional cuts (for example, around 119 roles announced in 2026) with unions noting automation-linked positions and the bank’s ongoing push toward digital services. There have been mixed messages from the bank and unions about the scope and handling of these cuts.[7][8]

If you’d like, I can search for the very latest articles from specific sources (e.g., major Australian outlets or the bank’s official statements) and summarize the current numbers, locations, and whether there are any recent reversals or mitigations. I can also provide a quick, sourced timeline of major announced cuts and any related union statements. Would you like me to fetch and cite the newest items from, say, a few key outlets?

Sources

Commonwealth Bank to cut 119 jobs across Australia

Commonwealth Bank of Australia is set to remove another 119 positions in Australia, with the Finance Sector Union saying half a dozen of those roles linked to automation.

www.retailbankerinternational.com

Commonwealth Bank of Australia cuts 192 back-office jobs, says trade union

CBA told FSU the jobs cuts were due to automation initiatives in the company's retail banking and home lending business, which allowed it to simplify processes, the trade union said in a statement.

hrsea.economictimes.indiatimes.com

Commonwealth Bank announces massive job cuts

Sarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.

www.abc.net.au

Commonwealth Bank of Australia could cut up to 200 jobs: Source

The Commonwealth Bank of Australia may be considering cutting around 200 jobs in an effort to reduce costs. The bank's ongoing consultations may see a number of employees being offered other positions. The moves follow the recent announcement that CBA's smaller competitor, Westpac Banking Corp, laid off approximately 300 staff.

economictimes.indiatimes.com

Commonwealth Bank jobs bloodbath as hundreds of roles axed in Australia -despite the bank launching a hiring spree in India

Commonwealth Bank has laid off hundreds of workers in Australia and launched a hiring spree in India just weeks after recording a $5billion profit.

www.dailymail.co.uk

Commonwealth Bank lays off hundreds of employees amid digital banking shift

Highlighting efficiency and simplification as primary motivations for the job cuts this decision comes after a successful financial year in which the bank recorded a profit of 9 5 billion

anz.peoplemattersglobal.com