Image via GN — ASX:BEN Bendigo and Adelaide Bank
Bendigo and Adelaide Bank: Layoffs
Bendigo Bank announced job cuts following technology partnerships, indicating workforce rationalization as a result of outsourcing or automation initiatives.
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: The wider read — a Talent Market Index of 98.6 (Neutral), down 1.4 month-on-month — shows Oceania signal flow steady (+1.3pts).
Bendigo and Adelaide Bank: 1 signal in the last 90 days; 0.1% of MitchelLake's Oceania signal flow.
MitchelLake in this thematic
More signals across Oceania
Layoffs · Oceania
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CSIRO →CSIRO (Commonwealth Scientific and Industrial Research Organisation) is proceeding with plans to cut hundreds of jobs. Officials confirmed during parliamentary hearings that the plan is in its final stages.
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Dexus →Dexus announced 5% staff reduction in response to office market slowdown, indicating significant restructuring ahead
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Ubisoft →Ubisoft cut 1,200 jobs over past year amid record $1.7B net loss, now at 16,700 staff
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