Commonwealth Bank of Australia Confronted Over AI Plans
The Commonwealth Bank of Australia (CBA) leaders will face confrontation from the finance union and bank staff regarding AI and offshoring plans.
At the bank's annual general meeting, where leaders will announce a $10 billion profit for the financial year, members of the Finance Sector Union (FSU) and CBA staff will express concerns over the AI push and its quick reversal.
CBA's backflips and admissions show pressure and panic, not principle. Workers deserve better.
AI and offshoring aren't future risks; they're real threats today. CBA needs to front up and be honest.
According to the FSU, CBA India's headcount increased by 21% in the past financial year, and 138% since 2022, from 5,630 to 6,788 employees.
Author's summary: CBA faces backlash over AI plans.
- CBA leaders to be confronted by FSU and staff
- AI implementation led to terminations and quick reversal
- CBA India's headcount increased by 21% in the past financial year
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