(9 September 2025 – Australia) ANZ will shed 3,500 jobs over the next 12 months, equivalent to 14% of its workforce, as part of a wide-ranging restructure.
Chief executive Nuno Matos said the move was aimed at streamlining operations and reducing duplication, calling it “the right thing to do.”
The cuts follow recent controversy when some retail division staff discovered their redundancies via an automated request to return laptops before receiving formal notice.
ANZ also plans to scale back third-party and consultant contracts, affecting around 1,000 contractor roles, though front-line staff are expected to be largely spared.
The bank will take restructuring charges of about $560 million before tax, with final costs to be reported in early November.