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CBA Defends AI and Offshoring at AGM After Reversing 45 Job Cuts

Union pressure now focuses on safeguards for workers displaced by automation.

Overview

  • At the Brisbane AGM, former employee Kathryn Sullivan said she helped train the bank’s ‘Bumblebee’ chatbot before being made redundant and asked directors what protections exist for staff.
  • Chair Paul O’Malley acknowledged the 45 redundancies were a mistake, citing an internal review and a Fair Work Commission process that led to offers of reinstatement or voluntary exits.
  • Executives said a $300 million technology program and 2,000 engineering hires will expand AI capability as the bank reported a $10.1 billion annual profit.
  • CEO Matt Comyn said CBA employs just over 6,800 people in India and 37,000 in Australia, arguing offshore teams enable 24/7 customer support.
  • The Finance Sector Union says the AI voice bot did not cut call volumes as promised, prompting overtime and call‑handling by team leaders before the partial reversal of job cuts.