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Tuesday, October 20, 2026Updated 06:10 UTC

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NAB to cut 2,500 jobs in massive restructure

Source: Guardian World · Oct 20, 2026 00:58 UTC

Rolls of U.S. dimes and nickels in paper coin wrappers — File photo dmuth / Flickr · CC BY-SA 2.0 · Source

The Quick Take

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 app or daily news podcast National Australia Bank is cutting 2,500 jobs, representing 6% of its workforce, marking another significant round of cuts in a sector heavily exposed to disruption by artificial intelligence. NAB said in

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