Westpac to cut 1,500 jobs, simplify operations, AFR reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2025
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Should l Buy ?
Source: Reuters
Job Cuts Announcement: Westpac Banking Corp plans to cut over 1,500 jobs as part of its UNITE program aimed at reducing costs and simplifying operations.
Program Objectives: The UNITE initiative, launched in 2023, focuses on overhauling technology systems, modernizing infrastructure, and decreasing long-term operational costs.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
