Commonwealth Bank of Australia Confronted Over AI Plans
The Commonwealth Bank of Australia (CBA) leaders will face opposition from the finance union and bank staff regarding AI and offshoring plans at the bank's annual general meeting.
Members of the! Finance Sector Union (FSU) and CBA staff will confront the bank's leaders over the AI push and the quick reversal, which led to a wave of terminations.
“CBA’s backflips and admissions show pressure and panic, not principle. Workers deserve better,” said FSU national assistant secretary Nicole McPherson. “AI and offshoring aren’t future risks; they’re real threats today. CBA needs to front up and be honest.”
- The FSU found that CBA India’s headcount increased from 5,630 to 6,788, a 21 per cent increase in the past financial year.
- A 138 per cent increase in CBA India’s headcount has been recorded since 2022.
Author's summary: CBA faces opposition over AI plans and offshoring.