ANZ Group Holdings expects 3,500 employees to leave the bank by September 2026, the lender said on Tuesday (Sep 9).
The bank is expected to incur a restructuring charge of about A$560 million before tax in the second half of this year
Rising inflation may also be pushing consumers to take on more debt as they turn to credit to cover higher day-to-day expenses
The country fell five spots to seventh in a global talent competitiveness ranking, with weaknesses in education spending and cost of living offsetting strengths in readiness.
