NAB job cuts and bonus changes
- Company
- NAB
- Roles
- Up to 2,500, up to 1,500 by end of 2026
- Date
- October 2026
The tip, as it reached us
10 Oct 2026
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 just finished.
20 Oct 2026
Anon pls. NAB CEO just emailed out saying that 2,500 roles to go in FY2027, with 1,500 of them to go before the end of calendar year 2026. Also dropping consultants and contractors.
Meetings in the next few days for those affected.
Anon please - NAB Ceo announced cutting roles of 2500 staff by FY27 including 1500 roles by end of year
The email, headed "Simplifying our operating model and improving alignment to customer priorities", says "These changes will result in fewer roles at NAB. In FY27, we expect to reduce our internal workforce by up to 2,500 roles, including up to 1,500 roles before the end of 2026. We will also materially reduce our use of consultants and external contractors."
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