{"id":111197,"date":"2025-09-01T16:50:18","date_gmt":"2025-09-01T16:50:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/111197\/"},"modified":"2025-09-01T16:50:18","modified_gmt":"2025-09-01T16:50:18","slug":"anzs-nuno-matos-mulls-cuts-of-up-to-5000-jobs-capital-brief","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/111197\/","title":{"rendered":"ANZ&#8217;s Nuno Matos mulls cuts of up to 5,000 jobs \u2014 Capital Brief"},"content":{"rendered":"<p>ANZ chief executive Nuno Matos is finalising plans to cut as many as 5,000 jobs from the bank&#8217;s retail division as part of a broader restructure aimed at slashing its cost base.<\/p>\n<p>Matos, who <a href=\"https:\/\/www.capitalbrief.com\/article\/indefensible-anz-ceo-nunos-matos-apologises-amid-staff-unrest-over-email-sackings-ce1b130f-b280-457a-a7d6-575a93fbe40b\/\" rel=\"nofollow noopener\" target=\"_blank\">personally apologised last week<\/a> after some senior managers were inadvertently fired over email, pledged to implement &#8220;a high performance, winning culture&#8221; at the lender when he <a href=\"https:\/\/www.capitalbrief.com\/newsletter\/nuno-matos-takes-the-reins-at-anz-2c4a43b3-2ff7-4da1-82ee-665714d1ecfb\/\" rel=\"nofollow noopener\" target=\"_blank\">took the reins<\/a> in May.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/1730774470.png\" x-bind:class=\"$store.authentication.state.isAuthenticated || (Boolean(context ==='articleInline')) ?&#10;    'w-14 h-14 sm:w-20 sm:h-20' :&#10;    'w-16 h-16 sm:w-20 sm:h-20'\"\/><\/p>\n<p>Get Capital Gains in your inbox<\/p>\n<p>Signed up to Capital Gains<\/p>\n<p>A weekly newsletter with the inside track on banking, finance and fintech.<\/p>\n<p>Update and view your <a id=\"newsletter-preferences\" href=\"https:\/\/www.capitalbrief.com\/newsletters\/\" class=\"link-underline\" rel=\"nofollow noopener\" target=\"_blank\"> newsletter preferences<\/a> in your account.<\/p>\n<p>A weekly newsletter with the inside track on banking, finance and fintech.<\/p>\n<p>Update and view your <a id=\"newsletter-preferences\" href=\"https:\/\/www.capitalbrief.com\/newsletters\/\" class=\"link-underline\" rel=\"nofollow noopener\" target=\"_blank\"> newsletter preferences<\/a> in your account.<\/p>\n<p>Two sources with direct knowledge of the plans told Capital Brief that this will involve cuts to thousands of jobs from the retail bank, which currently employs around 13,000 people.<\/p>\n<p>Matos has internally pointed to rival NAB, which has around 8,000 employees in its retail division, as a benchmark for ANZ.<\/p>\n","protected":false},"excerpt":{"rendered":"ANZ chief executive Nuno Matos is finalising plans to cut as many as 5,000 jobs from the bank&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":111198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[79552,64,63,99,79553],"class_list":{"0":"post-111197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asxanz","9":"tag-au","10":"tag-australia","11":"tag-business","12":"tag-capital-gains"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/111197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=111197"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/111197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/111198"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=111197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=111197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=111197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}