NAB: 410 jobs cut

NAB eliminated 410 positions and relocated 127 jobs offshore, with cuts concentrated in technology and enterprise operations division. The AI attribution is indirect; the company is investing in AI but did not explicitly link these specific cuts to automation. Of the 410 total positions affected, our methodology estimates that approximately 62 roles (15%) are attributable to AI-driven changes. This is part of a broader pattern in Banking where companies are restructuring operations around AI capabilities while reducing headcount in functions susceptible to automation.