Inside Track
Every Inside Track tip
Redundancies, offshoring and restructures as they reached us, newest first, in the words they arrived in. Tips are unverified until we report on them, and we never publish who sent one.
-
Big changes at EnergyAustralia with several very senior leaders been made redundant today, after a recent wave of redundancies at the pleb level. Rumour has it that there’s two more rounds. Company needs to be more competitive to survive.
-
Massive Business Bank review underway at CBA, all under the guise of a ‘strategic review’. All job hires frozen, no recruitment or backfill. Redundancies imminent. Management think they’re being confidential but seem to forget meeting subjects are all displayed on the meeting room tablets…
-
PwC has told its Aus-based EAs they’ll need to spend three days a week in the office, in a phased approach from late Jan
-
Grant Thronton just announced job cuts to EA as they are outsourcing to Phillipines. Dont know if other roles are impacted.
-
Anon of course. Big wave of redundancies at RACQ today. Lots of roles in Technology affected. Other areas of the business affected too, don’t know the impact yet.
-
SEEK has told SEEK Grad clients that the platform, formerly GradConnection, will be retired on 8 November 2026 and folded into SEEK’s main job site. Existing client contracts with SEEK Grad will end. Clients are being offered either a conversion of their remaining contract value into SEEK products or a refund, and account managers are contacting them about next steps.
-
Anon please. BDO Australia has been tightening budgets and making several waves of quiet redundancies and restructures across multiple departments - largely affecting Clients & Markets teams. There is also a push toward offshoring, many onshore roles quietly disappearing to be replaced by staff from the Philippines.
-
Anon pls - Qantas professional engineers based in head office have been PIA in the form of 2hr walkouts today. They are responsible for Airworthiness documents assessments/approvals as well as approval of repairs/modifications of aircraft. Wage freezes for years have pused salaries below equivalent in defence and other engineering fields. Management laser focussed on individuals taking part in PIA and will dock pay.
-
Anon please: Hubspot employees woke up to an email this morning to say 10% staff have been made redundant. Prior to this staff have started to look elsewhere due to their rigid KPIs and blockades to promotion
-
Endeavour has been doing mass (and I mean mass) redundancies since January. Huge numbers of roles in customer care, finance and merch have been offshored to Bangladesh. Business has moved away from reducing risk for store teams/their safety to cutting the risk team headcount twice and safety culture in stores is not a focus anymore.
-
Mass exodus of Execs at EBOS Group, mass redundancies and offshoring to a mix of Tata TCS, Genpact, and TDCX. Almost all IT will be gone shortly. 150 finance staff gone Around 100 IT/SAP and Project managers gone last few months.
-
Anon plz. Informa has announced they’re divesting Taylor & Francis. Review to be completed by March 2027.
-
Bupa will be announcing some cuts towards end October. Delivery office being folded (already announced). Digital losing another 15%. We’re trying to go faster with AI x outsource to India 🎪
-
Rolled out this morn to NAB LT, not known internally yet. Telling cus it’s dodgy af. Banker scores 1-2 used to be eligible for up to 0.8 standard role bonus. Effective immediately, this now reduces to 0. No bonus amount will be paid to anyone scoring 1-2, no exceptions (new to bank/role). For reference approx 50% of bankers score under a 3 during first year in role. Worst part. This is retroactive. Meaning it will apply to the bank year...
-
NDIA is offering voluntary redundancies for the first time in its history (13 years).
-
Anon. 177 staff having their last day at Treasury Wine Estates globally today. IT has been gutted in Australia.
-
Anon - Telstra sending 650 call centre jobs offshore to the Phillipines, despite their promise in 2022 to bring all voice calls back to Australia. They get around this by launching 24x7 next Monday with all calls after 7pm or weekend now going to Phillipines, or you also get the option of being prioritised at any time of day if you choose a callback from the international team. Ai Bot is also replacing the Directory Assistance service with 30 people...
-
More redundancies at Officeworks. Merchandise, planning, Geeks 2 you all impacted. B2B and education cuts happening in October. Roles moving off shore of course. Staff expected to train the overseas people taking their jobs. Fun times
-
ALDI Stores Australia has also been going through redundancies since November last year, with pretty much all departments affected. They’ve been offshoring roles across IT, Finance, HR and Buying, with only around 40% of staff being retained and the rest being made redundant.
-
Anon Visa laying off 7% of staff! Mostly product and tech
-
Anon pls. Coles CEO just sent company wide email that some work will be moving to Accenture or overseas, many roles to be made redundant. Official function announcements at 10am today.
-
Anon please - my colleagues got made redundant from Stockland after a "restructure" This is the FOURTH year in a row Stockland have done a round of redundancies with the excuse of it being a restructure. Mind you after each year the Senior Leaders say "we assure you this is the final time. We have made the right changes" Like bro, learn how to restructure properly so you don’t need to do this every year 🙄 No one feels safe...
-
Anonymous please. Reports of huge redundancies out of ServiceNow. VPs, Directors, Sales, Solutions, Marketing, engineering etc. Estimates of 2500 globally, definitely a lot in Australia. No numbers confirmed yet and not in news
-
Happened at PwC… quiet quiet, media media…. Snip snip. Then that snip continues.
