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Australia’s NAB to cut up to 2,500 jobs as it simplifies operating model

By Thomson Reuters Oct 19, 2026 | 4:49 PM

Oct 20 (Reuters) – National Australia ​Bank ‌said on Tuesday it ‌expects ​to ⁠reduce its ⁠internal workforce by up to ​2,500 roles ⁠in ⁠2027 ​as part ​of a broader ‌overhaul aimed at ⁠simplifying its operating model ⁠and ‌funding ⁠growth and ​technology ‌initiatives.

(Reporting ​by Rajasik Mukherjee ⁠in Bengaluru; Editing by Shreya ​Biswas)