Overview

• ANZ will shed about 3,500 roles by September 2026, roughly 8% of its 42,000–43,000 workforce, as part of a bank-wide overhaul.
• The plan includes reducing engagements with consultants and third parties, affecting about 1,000 managed-services contractors, to eliminate duplication and non-priority work.
• ANZ expects a pre-tax restructuring charge of about A$560 million in the second half of 2025, with final details to be disclosed in November full-year results.
• The bank says customer-facing roles will be largely protected and departing staff will receive support including career advice and access to training funds.
• NAB announced 410 redundancies with some work moving to India and Vietnam, and Bendigo Bank flagged 145 technology job cuts, drawing sharp union criticism of sector-wide reductions.