Westpac Axes 140 More Roles as Australia Bank Job Cuts Intensify

Westpac Axes 140 More Roles as Australia Bank Job Cuts Intensify Westpac Banking Corp. is cutting another 140 roles, the latest sign that Australia’s weak housing market and an increased use of artificial intelligence technology are biting into the country’s workforce. The Sydney-based bank informed the Finance Sector Union of 140 job cuts this week, following a further 102 cuts announced to the union two weeks ago, according to a Westpac spokesperson. The latest cuts will target roles across the bank, according to a Thursday statement from the FSU, with the earlier reductions impacting Westpac’s risk, institutional banking and finance teams, the union said.