ANZ Restructures 400 Tech Roles as Offshore Hubs Expand

ANZ is restructuring more than 400 technology roles in its New Zealand operations, with about 100 redundancies reported. The affected positions include quality assurance engineers, lead engineers, product owners and project managers.

News.com.au reported that the changes form part of ANZ’s broader plan to cut 3,500 jobs by September 2026, while the bank expands offshore hubs in India and the Philippines. The findings describe a technology-led restructure, but do not state that ANZ attributed the specific cuts directly to AI.

The move follows wider workforce reductions across Australian banking, where employers are combining technology changes, offshore delivery and AI partnerships to reduce or redesign roles.

Employer takeaway: For an Australian business restructuring roles around technology or automation, establish whether the job itself is genuinely redundant rather than simply changing its tools. Consult affected employees before deciding, properly assess redeployment into available roles, and keep evidence showing the business rationale and selection process. That process helps distinguish a genuine redundancy from a dismissal based only on a worker’s perceived inability to adapt to new technology.