News
ANZ Bank plans to cut 4,500 roles
ANZ Bank to cut 3,500 jobs and 1,000 contractors by next September amid major restructuring plans
ANZ Bank to cut 3,500 jobs and 1,000 contractors by next September amid major restructuring plans
– ANZ Bank plans to cut 3,500 jobs and 1,000 contractors by September as part of a restructure.
– The Finance Sector Union opposes the layoffs, citing prioritisation of profit over workers’ welfare.
The move is part of a broader restructuring strategy which includes the reduction of engagements with external consultants. The bank assures that frontline, customer-facing roles will see limited impact from these changes.
Matos acknowledged the challenges these layoffs present for employees, stating, “We are committed to working through the impacts with care and respect for our teams affected.”
Restructure Update
The Finance Sector Union has expressed strong opposition to the layoffs, claiming ANZ is prioritising profit at the expense of workers. The bank will incur restructuring charges of about $560 million, with further details expected in its financial results next month.
ANZ will provide a strategic update to investors on October 13. Concerns linger over how the bank will manage functions without the displaced staff, following an automated redundancy notification that sparked controversy.
News
Oracle stock surges, pushing Ellison toward richest title
Oracle shares soar 43%, pushing Larry Ellison closer to top billionaire status amid AI cloud contract boom
Oracle shares soar 43%, pushing Larry Ellison closer to top billionaire status amid AI cloud contract boom
– Oracle shares rose 43% to $345.69, nearing a trillion-dollar valuation after multi-billion-dollar contracts were announced.
– Co-founder Larry Ellison’s net worth increased to $392.6 billion, making him a contender for the world’s richest person.
The surge boosts co-founder Larry Ellison’s net worth to approximately $392.6 billion, making him a contender for the world’s richest person, currently held by Elon Musk at $439.9 billion.
Oracle expects to see a market valuation around $913 billion if gains hold, contributing an additional $234 billion.
Market Dynamics
Oracle’s significant contracts include one with OpenAI for about $300 billion in computing power over five years.
The partnership is critical as Oracle aims to expand its market share, currently dominated by Microsoft, Amazon, and Google, which collectively hold 65%.
The company also supports AI startups, including xAI, founded by Musk, affirming its essential role in upcoming large-scale AI infrastructure projects, projected to reach $500 billion.
News
Charlie Kirk has died following shooting at Utah university
Charlie Kirk shot during speech at Utah Valley University as law enforcement investigates the incident
Charlie Kirk shot during speech at Utah Valley University as law enforcement investigates the incident
– Charlie Kirk, conservative commentator, was shot during a speech at Utah Valley University on Wednesday.
– Authorities are investigating the incident, with the community showing strong support for Kirk.
Charlie Kirk, a prominent conservative commentator, has died after he was shot while speaking at Utah Valley University on Wednesday.
The incident occurred around noon local time, with video footage circulating on social media showing the moment shots were fired.Kirk is the founder and CEO of Turning Point USA, a significant conservative youth organisation active across 3,500 college campuses.
He has been influential on the right and is known for his podcast and “Prove Me Wrong” debates.
Kirk, 31, also played a key role in Donald Trump’s outreach to young voters during the 2024 election.
The university, located in Orem, Utah, is home to over 46,000 students, making it the largest in the state.
Ongoing Updates
Authorities are actively investigating the shooting, and further developments are expected.
Community response has been strong, with calls for prayers and support for Kirk following the incident.
News
Escape rooms booming despite challenging market conditions
Escape room industry thrives; Escape This raises over $1M in 72 hours, signaling strong demand for immersive experiences.
Escape room industry thrives; Escape This raises over $1M in 72 hours, signaling strong demand for immersive experiences.
The escape room industry is thriving even in tough market conditions, with investors flocking to immersive entertainment experiences.
A recent crowdfunding campaign for Escape This, raised more than $1 million in just 72 hours, showing there is still a demand for in-person, interactive experiences.
Bernie Jane from Escape This takes time away from his hidden tomb to discuss the positive news.
#Entertainment #ImmersiveExperiences #Innovation #Startups #Crowdfunding #TickerNews
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