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ANZ CEO Matos Warns of Global Jobs Crisis Without AI Rules

Bloomberg Technology Thursday 12 November 2026, 00:41 UTC By Richard Henderson 1 min read
Key Points

ANZ CEO Matos Warns of Global Jobs Crisis Without AI Rules ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos has called for global regulation to manage the impact of artificial intelligence on the labor market, which he warned could trigger an international crisis. Should large-scale job cuts of up to 50% emerge, “we’ll have a crisis and it’s not going to be in Australia, it’s going to be a global crisis,” Matos said Thursday during a parliamentary hearing in Canberra. “This is one...

ANZ CEO Matos Warns of Global Jobs Crisis Without AI Rules ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos has called for global regulation to manage the impact of artificial intelligence on the labor market, which he warned could trigger an international crisis. Should large-scale job cuts of up to 50% emerge, “we’ll have a crisis and it’s not going to be in Australia, it’s going to be a global crisis,” Matos said Thursday during a parliamentary hearing in Canberra. “This is one of the few examples where I would say some global regulation is needed to make sure that society does not go into trouble,” he said.
ANZ (ORG) Matos Warns (PERSON) ANZ Group Holdings Ltd. (ORG) Nuno Matos (PERSON) Australia (LOCATION) Matos (PERSON) Canberra (LOCATION)
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