ASX:CBABanks
Commonwealth Bank Job Cuts Test Automation Plans And Investor Expectations
Commonwealth Bank of Australia is cutting 119 jobs, including roles at its Bankwest subsidiary.
The roles include positions linked to automation projects, pointing to changes in how the bank structures its operations.
The move affects staff and workflows across parts of the group’s banking operations.
For investors tracking ASX:CBA, these job cuts come against a backdrop of multi year share price performance, with the stock currently at A$174.49 and returns of 94.6% over 3 years and 135.1%...