Commonwealth Bank of Australia Faces Confrontation 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 of some AI implementation, which led to a wave of terminations.
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.
The bank will inform shareholders of its $10 billion profit for the financial year at the meeting.
Author's summary: CBA faces opposition over AI plans.
- CBA leaders to be confronted by staff and unions
- AI implementation led to wave of terminations
- CBA India's headcount increased by 21% in the past financial year