Commonwealth Bank of Australia Faces Confrontation Over AI Plans
The Commonwealth Bank of Australia (CBA) leaders will be confronted by members of the finance union and bank staff regarding AI and offshoring plans.
The bank had to rewind some of its AI implementation after it led to a wave of terminations.
Finance Sector Union Response
CBA’s backflips and admissions show pressure and panic, not principle. Workers deserve better.
AI and offshoring aren’t future risks; they’re real threats today. CBA needs to front up and be honest.
According to the Finance Sector Union (FSU), CBA India’s headcount increased from 5,630 to 6,788, a 21 per cent increase in the past financial year, and a 138 per cent increase since 2022.
The FSU national assistant secretary Nicole McPherson stated the above quotes.
Author's summary: CBA faces confrontation over AI plans and offshoring.
- CBA leaders to be confronted by finance union and bank staff.
- AI implementation led to a wave of terminations.
- CBA India’s headcount increased by 21 per cent in the past financial year.