Commonwealth Bank of Australia Faces Confrontation Over AI Plans
The Commonwealth Bank of Australia (CBA) leaders will be confronted by members of the finance union and bank staff regarding AI and offshoring plans.
At the bank’s annual general meeting, where leaders will inform shareholders of its $10 billion profit for the financial year, members of the Finance Sector Union (FSU) and CBA staff will confront the bank’s leaders over the AI push and the 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.
The FSU found that CBA India’s headcount increased from 5,630 to 6,788, a 21 per cent increase in the past financial year, and a 138 per cent increase since 2022.
Author's summary: CBA faces confrontation over AI plans and offshoring.
- CBA leaders to be confronted by FSU and bank staff
- AI and offshoring plans spark controversy
- CBA India's headcount increased by 21% in the past financial year
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