Business

NAB Announces Major Job Cuts

Updated 2026-10-20 01:35 UTC 1 source Negative

National Australia Bank (NAB) is cutting 2,500 jobs as part of a significant restructuring. The bank cites the challenging economic environment and rapid technological change.

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The Guardian

NAB to cut 2,500 jobs in massive restructure

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

2026-10-20 00:58 UTC