SMH · general
The ‘race to the bottom’ on AI job cuts has already started
16 hours ago
Bendigo Bank announced significant job cuts as it adopts AI technologies on April 9, 2026. The bank plans to save approximately $70 million, which could affect around 10 percent of its staff costs. The move highlights the growing trend in the banking sector to enhance efficiency through AI, raising concerns about widespread job losses.
Summary by Glance · Original reporting by SMH
Swipe Aussie news like TikTok — minus the noise
Swipe quick summaries and turn on breaking news alerts, so you always know what happened — in Glance.
Love keeping yourself updated in seconds?
Download Glance — quick Aussie news summaries & breaking alerts, free on iOS & Android.
↑ swipe to browse