Australia’s Biggest Bank to Cut 120 More Jobs Amid AI Push

Commonwealth Bank of Australia will eliminate around 120 roles amid a broader push to harness artificial intelligence at the nation’s largest lender.

As part of the reductions, some 43 of the roles will be from Bankwest, CBA’s subsidiary based in Western Australia, and include mobile lending managers, the Finance Sector Union said in a statement Thursday. Six of the roles cut were “impacted by automation,” the statement said.