Latest News About Commonwealth Bank Job Cuts

Updated 2026-04-23 10:06

I 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.

Sources

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 Quietly Cuts More than 100 Jobs Despite Billion-Dollar Profits

Commonwealth Bank is making unexpected changes to its workforce, with over 100 technology jobs on the line. Despite recent record profits and heavy investment in digital services, some roles are being cut.

en.econostrum.info

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.com

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

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

"Massive win" union hails Commonwealth Bank job cuts reversal

www.sbs.com.au

Commonwealth Bank mulls plans to cut more than 10000 jobs

COMMONWEALTH Bank of Australia is working on a plan to cut more than 10,000 jobs and about A$2 billion (S$1.94 billion) of costs, TheAustralian newspaper reported, without saying where it got the info... Read more at The Business Times.