Inside Track briefing for the week of 26 October 2026

Nab applying an anz technique ‘spill and fill’ with redundant roles, not surprising with the influx of blue bank executives and senior leadership...so don’t expect any productivity out of nab for remainder of the year as it becomes one big recruitment process....

Please keep anon but a shake up at Westpac in the Data, Digital and AI Division as part of Catalyst was announced on Wednesday. Actual numbers impacted are hard to work out as not much info is being shared. A mix of senior leaders and team members. Termination date will be end November so a bleak Christmas for many. Please keep anon.

KPMG fed gov band extended till 28th Feb. Hinting at more changes, especially to Canberra office where many people are without client work. Directors also struggling without being able to bid/win work

Coles re-structure notification delayed until February with April exits.

Nothing to do with capability, all about hitting a headcount number. Some areas not even following an expression of interest process due to the timeline, will instead proceed with direct appointments.

Anon please. American Express major redundancies to come. Thousands of jobs

More CBA employees are told to stop sleeping in the sleeping pods in their buildings... Monitoring of the areas in full flight

Keep anon - MYOB bringing out the private equity playbook with another yearly round of redundancies

In consultation period now, 4-week notice period to run until end of November.

Anon pls. CBRE making huge redundancies to non-billing non-producing staff. AKA all are women in business support roles

Roles being merged. People on Mat leave being made redundant.

Anon please - 50% of all Capex Finance roles in Woolworths to be outsourced to India (Managed Service Partner) . Decision of who, mid November. Morale is very low

Anon of course! Lots of offshoring in operations and customer facing teams at Acenda insurance (formerly MLC Life). No effect this year but likely will be redundancies next year

Anon please. NSW Health sent an email to all staff offering them to express interest in VRs. (Frontline staff exempt). So weird? They are saying you can just apply and see what you’ll get, no commitment to have to take it?

Also working at EnergyAustralia. This week we find out about our second wave of “restructures”. “Heads of” who report to execs are the focus. My boss has said there was a lot more change than he anticipated. Told us to “be prepared”

Anon please. Defence health has done massive restructuring essentially eliminating all roles except health Insuarance. More than 50% exec staff made redundant.

They’re offering 8 weeks of redundancy + 5 weeks of pay + 1 week extra to all staff above 45

Anon pls.

Skydance Warner-Paramount merger.

Everyone must go back to the office 5 days a week, worldwide.

And voluntary buy out (to offset the $80M in debt)

UNIQLO correcting underpayment to all employees