Commonwealth Bank Reports Huge Profit Amid Job Cuts
The Commonwealth Bank has notified the Finance Sector Union (FSU) it is making more technology experts redundant following the bank's huge profit
www.miragenews.comI don’t currently have live access to up-to-date news feeds, but I can share what’s publicly known about Commonwealth Bank job cuts in recent years and how to find the latest updates.
What we know from recent reports
- In 2023–2025, Commonwealth Bank of Australia (CBA) announced multiple rounds of job cuts, primarily in technology, back-office, and some customer-facing roles, as part of digital transformation and efficiency efforts. These included hundreds of roles across IT, retail banking, and WA branches, with some reorganizations announced alongside strong profits.[3][6][7][8]
- The bank has also pursued branch closures and a shift toward digital banking, which has been associated with workforce reductions in various jurisdictions, including Bankwest and other CBA subsidiaries.[2][3]
- In some cycles, unions have contested the pace or scope of cuts and called for redeployment or better outcomes for affected staff.[6][2]
How to get the latest news quickly
- Check major Australian business outlets (Australian Financial Review, The Sydney Morning Herald, The Australian) and international financial press (Reuters, Bloomberg) for the latest CBA job-cut announcements or performance-related restructuring news.
- Look for official statements from Commonwealth Bank of Australia and the Finance Sector Union (FSU), which often publish responses or numbers of affected roles alongside the bank’s broader financial results.[8][2]
- If you want, I can search current news sources for the newest reports and summarize the latest figures and contexts.
Would you like me to fetch the latest articles and compile a concise update with numbers and dates? I can provide sources after each claim.