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NAB’s local workers given the ‘AI chop’, says Labor senator

The Australian Financial Review (AFR) •
October 22, 2026 • 05:09 AM
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The bank’s justification for mass redundancies this week has been questioned by two members of a parliamentary committee.

NAB’s local workers given the ‘AI chop’, says Labor senator

Two Labor Party senators have slammed National Australia Bank’s decision to cull 2500 jobs, challenging the bank’s assurances that the cuts are not related to artificial intelligence and criticising its offshoring of technology roles.

Senator Tony Sheldon said NAB workers were being given the “AI chop”, during a parliamentary select committee hearing on the technology, adding that the language used by chief executive Andrew Irvine to justify the cuts on Tuesday lacked transparency.

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