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 a $10 billion profit for the financial year will be announced, 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.
Author's summary: CBA faces backlash over AI plans and offshoring.
- FSU national assistant secretary: Nicole McPherson
- CBA India's headcount increase: 21% in the past financial year, 138% since 2022
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