The cuts are part of new CEO Anthony Miller’s cost-reduction strategy under a plan called “Unite,” which aims to streamline operations and modernize technology, the AFR report said.
Managers have reportedly been asked to plan for a 5% reduction in headcount across most teams, though final numbers are not confirmed, AFR reported.
https://www.investing.com/news/stock-market-news/westpac-to-cut-over-1500-jobs-in-its-biggest-layoffs-in-a-decade--afr-4056005