Australia’s NAB to cut up to 2,500 jobs in 2027
National Australia Bank expects to reduce its internal workforce by up to 2,500 roles in 2027 as part of an overhaul to simplify its operating model and fund growth and technology initiatives.
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09:56:18 PM UTC
SquawkNews
By Stuart CondieSYDNEY--National Australia Bank will cut about 6% of its workforce over the next 11 months as the lender simplifies its operating model.NAB, which is Australia's second-largest lender by market capitalization, on Tuesday said it aimed to cut up to 2,500 roles by the end of its curre…
09:59:11 PM UTC
SquawkNews
Australia's NAB to Cut 2,500 Jobs in A$300 Million Restructure
National Australia Bank ASX:NAB said on Tuesday it expects to cut as many as 2500 internal roles in 2027. The reductions are part of a wider overhaul intended to simplify the bank’s operating model and fund growth and technology initiatives.