Westpac

Summary

Over 250 roles earmarked for redundancy since the start of October, according to the Finance Sector Union (22 Oct 2026). This includes 102 redundancies in the Risk, Institutional Banking and Finance teams announced on 9 Oct. A Westpac spokesperson put the latest round at about 140, according to Reuters.

Headcount

Australian and worldwide figures are kept separate. We never add reports together or average them.

Departments

Only where a source gives numbers. Teams under 5 roles are grouped as Other.

Reports

4 reports, newest first. Each figure is what that source said.

1. OfficialFinance Sector Union22 Oct 2026

   over 200 redundancies announced 22 Oct, according to the FSU

   Read the source (Finance Sector Union, opens source)
2. Unofficial: media reportReuters (via Investing.com)22 Oct 2026about 140 Australian roles
   Read the source (Reuters (via Investing.com), opens source)
3. Unofficial: media reportThe Sydney Morning Herald22 Oct 2026No number
   Read the source (The Sydney Morning Herald, opens source)
4. OfficialFinance Sector Union9 Oct 2026

   102 redundancies in the Risk, Institutional Banking and Finance teams, announced 9 Oct, according to the FSU

   Read the source (Finance Sector Union, opens source)

Locations

Not stated by the source

Roles: Risk, Institutional Banking and Finance teams (FSU, 9 Oct); Numerous areas of the bank (FSU, 22 Oct)