Bank says bulk of redundancies will occur before end of year, citing challenging economy, competition and ‘rapid technological change’
Get our breaking news email , free app or daily news podcast
National Australia Bank is cutting 2, 500 jobs, representing 6% of its workforce, marking another significant round of cuts in a sector heavily exposed to disruption by artificial intelligence.
NAB said in a statement on Tuesday that the bulk of the redundancies would occur before the end of the year, citing a challenging economy, competition and “rapid technological change”. Continue reading...