CBA lays out a plan to retrain workers in the age of AI and in the face of looming job cuts

Commonwealth Bank chief executive Matt Comyn says individual adoption of artificial intelligence will be crucial for Australia to maintain its competitiveness, as the country’s largest bank unveiled a plan to train staff to address anger over technology-related job cuts.

After the CBA informed the Finance Sector Union of plans to cut 300 jobs across retail; commercial and institutional banking; and human resources departments, Comyn said “the onus is on employers” to help workers build their AI skills and help them stay ahead of big changes.

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