Business1 min
NAB to cut up to 2,500 jobs
National Australia Bank will reduce its workforce by up to 2,500 positions over the next financial year.
What happened
The bank announced a restructuring plan that includes eliminating up to 2,500 roles, with at least 1,500 expected to be cut by the end of 2026.
Why it matters
The move reflects broader industry consolidation and may impact the Australian banking sector’s employment levels and service capacity.
Who is affected
Employees of NAB across various departments and the Australian banking workforce.
Should I do anything?
Nothing to do — just stay aware.