Banking Layoffs 2026: Why Are Banks Worldwide Cutting Jobs? | Spotlight

Banks around the world are rethinking their workforces as cost pressures, digital banking and artificial intelligence reshape the industry. Australia's National Australia Bank plans to cut up to 2,500 jobs by 2027, while rival ANZ has announced around 3,500 job cuts. London-headquartered Standard Chartered plans to eliminate more than 7,000 roles by 2030. In India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank ended FY26 with over 13,000 fewer employees combined. Why are banks cutting jobs? How much of this shift is driven by AI? And what does it mean for the future of banking careers? Cary Johnston tells you more as he's joined by Ed Hirs, Economics Lecturer at the University of Houston.
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00:00 - Introduction
00:52 - What's Behind Banking Layoffs?
01:09 - NAB Layoffs
01:53 - Standard Chartered Layoffs
02:20 - Why Banks Are Cutting Jobs?
03:32 - Is AI Taking Banking Jobs?
04:40 - What Does This Mean For India?
05:00 - Future of Career in Banking
06:15 - Expert Weighs In
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Layoffs | Layoff News | Banking Jobs | Bank Jobs | Job Cuts | AI Job Cuts | Layoffs 2026 | Banking Layoffs 2026 | Firstpost | Spotlight

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