(Reuters) – Westpac Banking Corp is planning to cut more than 1,500 jobs to meet cost reduction targets and simplify operations under a plan known as UNITE, the Australian Financial Review reported on Tuesday.
Westpac’s UNITE program, launched in 2023, is an initiative to overhaul and simplify its technology systems.
The plan aims to cut the number of core platforms, modernize infrastructure, and reduce long-term operational and maintenance costs.
Westpac employed 35,240 people globally, as of September 30, 2024, according to its 2024 annual report.
Westpac did not immediately respond to Reuters request for a comment.
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Shailesh Kuber)
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