Tech

Commonwealth Bank replaces workers with AI, faces backlash

Commonwealth Bank faces backlash for replacing Aussie workers with AI and offshore staff after cutting 90 frontline jobs

Published

7 months ago

July 29, 2025

Ahron Young

Commonwealth Bank faces backlash for replacing Aussie workers with AI and offshore staff after cutting 90 frontline jobs

In Short:
– Commonwealth Bank faces backlash for cutting 90 jobs, citing AI and offshore labour.
– The FSU demands retraining for affected workers instead of job replacements.

Commonwealth Bank has faced criticism for eliminating 90 frontline jobs, citing the integration of AI and offshore labour.

According to the Australian Finance Sector Union (FSU), this move replaces skilled Australian workers with automated systems. The bank argues that AI will streamline customer assistance.

The FSU has stated that affected employees should receive retraining rather than being replaced for cost-saving measures.

FSU National Secretary Julia Angrisano condemned the decision, emphasising the need for collaboration between the bank and workers when introducing new technology. She highlighted the expectation of support for employees adapting to advancements like AI.

Recent discussions between the FSU and Commonwealth Bank reflect ongoing tensions regarding job cuts linked to technology and offshoring. Despite the backlash, a bank spokesperson noted the hiring of over 9,000 employees in the 2025 financial year while maintaining 450 open roles in retail banking.

Employment Impacts

Concerns persist about AI’s dual role in job creation and loss, with estimates predicting 83 million jobs could vanish over the next five years.

Tech

Apple set to unveil budget iPhone 17e, new iPads and low-cost MacBook

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Published

5 days ago

February 27, 2026

Harvey Vargas

Apple’s Tim Cook announces major product reveals this week, highlighting budget iPhone 17e, new iPads, and low-cost MacBook.

Apple Inc. CEO Tim Cook has confirmed a major week of product announcements kicking off Monday morning, building momentum toward a global “Apple Experience” event across New York, London and Shanghai. The tech giant is expected to spread its reveals across three days, fuelling speculation about its biggest refresh cycle yet.

Leading the buzz is the rumoured budget-friendly iPhone 17e, signalling Apple’s push to capture more price-conscious consumers without sacrificing performance. Two new iPads powered by advanced chips are also tipped to headline the lineup, pointing to stronger AI capabilities and faster processing speeds.

Rounding out the expected reveals is a low-cost 12.9-inch MacBook that’s already generating serious interest, alongside updated MacBook Pro models and a refreshed Mac Studio. It’s shaping up to be one of Apple’s most significant multi-product launches in recent years.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#Apple #TimCook #iPhone17e #AppleEvent #TechNews #iPad #MacBook #Innovation

Tech

Nvidia posts record revenue as AI fears shake investors

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Published

5 days ago

February 27, 2026

Harvey Vargas

Nvidia’s £68.1 billion revenue, up 73%, raises investor concerns about AI’s impact and tech customers’ financial health.

Nvidia posted strong quarterly earnings, but Wall Street remained unimpressed, causing shares to fall 5%. Analysts point to investor concerns over AI dominance and a stalled $100 billion deal with OpenAI.

Experts discuss what factors in the earnings report failed to meet market expectations, including revenue projections and details around the Vera Rubin chip architecture. Competition from alternative chipmakers and scrutiny of hyperscaler cash flows are also shaping investor sentiment.

Despite recent setbacks, analysts remain cautiously bullish on Nvidia, highlighting long-term AI potential and the company’s dominant position in the chip market.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

Tech

Meta launches lawsuits over alleged scam advertising operations

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Published

5 days ago

February 27, 2026

Harvey Vargas

Meta targets scam advertising networks in Brazil, China, and Vietnam, intensifying its crackdown on scams across its platforms.

Social media giant Meta has launched aggressive legal action targeting alleged scam operations using its platforms. The company has filed lawsuits against four advertising networks based in Brazil, China and Vietnam.

Meta has also issued cease and desist letters to eight marketing consultants accused of helping clients bypass the platform’s enforcement systems. The move signals a tougher stance on organised scam activity operating at scale.

While no criminal charges have been laid, Meta says it is doubling down on efforts to protect users and restore trust across its platforms as scam activity continues to rise globally.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker