The Commonwealth Bank has cut more than a thousand jobs in the last year, with more to go after a downturn in retail banking over the past six to 12 months which the CBA says has impacted "Everyday Banking" and "Home Buying Operations." The CBA has told the Finance Sector Union (FSU) 192 jobs will be cut from back office operations in Sydney, Melbourne and Perth, including some workers currently employed by BankWest. Among the cuts are job losses in: Consumer finance: 47 Everyday Banking: 21 Home Buying Operations: 87 BankWest Lending: 9 CBA has told the FSU "automation initiatives" in retail banking and home lending has allowed for "simplified processes" which it says is a further reason for job losses.

https://www.miragenews.com/commonwealth-bank-trims-workforce-despite-1099551/

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