ANZ restructures over 400 technology roles
- ANZ is restructuring more than 400 technology roles in New Zealand, with over 100 staff expected to face redundancy.
- Following the announcement, the ANZ share price was unchanged at $37.43.
- The restructuring forms part of CEO Nuno Matos' plan to cut costs and simplify operations under the ANZ 2030 strategy.
ANZ (ASX:ANZ) is restructuring more than 400 technology roles in New Zealand and moving software testing to offshore strategic partners.
The operational shift follows a broader cost-reduction campaign launched last year that targeted 3,500 total job cuts across the organisation.
"While some roles will conclude, we’re directing our focus to areas that will deliver the biggest difference for our customers, including investing in data, cybersecurity and engineering," said ANZ Spokeswoman Jane Doe.
The changes affect quality assurance engineers and project managers, with more than 100 permanent redundancies expected alongside the closure of a 60-person call centre in Dunedin.
The bank stated that these measures will support its long-term strategy to simplify operations and improve technology investments.
Following the announcement, the ANZ share price was unchanged at $37.43.
Under Chief Information Officer Donald Patra, the lender is unwinding legacy technology systems to simplify its operational infrastructure.
ANZ has progressively expanded its offshore hubs in India and the Philippines to 11,500 employees, representing nearly 30% of its total workforce.
