NAB to cut up to 2500 jobs in major overhaul

National Australia Bank plans to cut up to 2500 jobs in 2027. The workforce reduction is part of an overhaul to simplify operations and fund technology.

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FILE PHOTO: A National Australia Bank (NAB) logo is displayed above a NAB branch in the Central Business District (CBD), Sydney, Australia, August 19, 2025. REUTERS/Hollie Adams/File Photo

National Australia Bank Ltd will cut up to 2,500 internal roles by 2027 to simplify its operating model and fund technology initiatives. The reduction targets the bank's internal workforce as management streamlines corporate structures in Australia. The cuts represent a major restructuring effort to redirect capital toward digital growth and operational efficiency.

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