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Showing 1 - 10 of 109 results for "job cuts"

Magellan confirms job losses

ELIZA BAVIN | THURSDAY, 7 MAY 2026

... (ASX: MHG). The fund had around $94 million AUM, as at April 30. After the announcement there was talk on LinkedIn that job cuts would impact fund managers and administration workers throughout Magellan. A Magellan spokesperson would not confirm to Financial ...

Praemium progresses automation, finalises local job cuts

KARREN VERGARA | WEDNESDAY, 22 APR 2026

... IT development, maintenance and infrastructure were affected with several duplicate roles reduced. Prior to the recent job cuts, the group had about 370 staff members based here and overseas. The cuts affected some 50 full-time equivalent (FTE) staff ...

AI layoffs a correction from overhiring: Morningstar

RIDDHIMA TALWANI | FRIDAY, 20 MAR 2026

... intelligence (AI) in one way or another. However, Morningstar market strategist Lochlan Halloway said before reading these job cuts as the starting gun of the great AI replacement, it was important to look at the context. "In the last ten years, Atlassian ...

Massive Acenda job cuts ire former staff

KARREN VERGARA | TUESDAY, 17 MAR 2026

... since Resolution Life Australia and MLC Life officially merged at the end of 2025, Acenda implemented multiple rounds of job cuts affecting about 280 roles that sat across every department. More cuts across the business are expected to take place. "The ...

Morgan Stanley sheds 2500 global roles

KARREN VERGARA | FRIDAY, 6 MAR 2026

... account for 3% of the global workforce, which comes to about 83,000. The Associated Press reported Morgan Stanley's job cuts would not impact the firm's financial advisers, rather employees who provide support functions inside the profitable ...

ANZ fined $240m for bond trading, retail misconduct

KARREN VERGARA | MONDAY, 15 SEP 2025

... ANZ's credibility already being in question after a humiliating email botch-up under Nuno Matos' leadership revealed job cuts to staff once again before they had even been briefed," the Finance Sector Union said.

Future Group commences organisational restructure

ANDREW MCKEAN | TUESDAY, 20 FEB 2024

... organisational restructure to consolidate the operations of its subsidiaries, smartMonday, GuildSuper, and Verve Super, leading to job cuts. Future Group chief executive Simon Sheikh said in a letter to investors that to deliver sustained growth, the ...

BlackRock to cull 3% of global workforce

ANDREW MCKEAN | WEDNESDAY, 10 JAN 2024

... businesses across the firm have developed plans to reallocate resources," Fink and Kapito said. However, despite the impending job cuts to approximately 600 positions, the asset manager remains committed to scaling up its operations. "Even with these ...

Bridgewater to restructure, pushes for global expansion

ANDREW MCKEAN | THURSDAY, 2 MAR 2023

... includes cutting 100 jobs as it seeks to expand globally and invest more in artificial intelligence (AI) technology. The job cuts will affect approximately 7.7% of Bridgewater's workforce, which currently stands at around 1300 employees. Bridgewater ...

BT confirms changes to super business

JAMIE WILLIAMSON | TUESDAY, 16 NOV 2021

... reported a net profit of $5.5 billion, the Finance Sector Union said the bank's efforts to reduce costs "means further job cuts to come". "Westpac is a highly profitable bank; they can afford to invest in reskilling their workforce to ensure our ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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