AI Layoffs
Companies using “AI transformation” as justification for job cuts. In many cases, the AI framing masks what is really offshoring, cost-cutting, or both. The AFR called it “the week AI came for Australian jobs.”
9,000+
Global Jobs Cut
4,580+
Australian Jobs Cut
8
Companies Tracked
1
Company Reversed Cuts
Not yet disclosed
Headcount
What They Claimed
AI-powered productivity and technology partnerships
What Actually Happened
Bendigo Bank signed a 7-year deal with Infosys (IT services, software engineering, AI tools) and a 6-year deal with Genpact (process optimisation), targeting $65–75M in annual savings by FY2028 — roughly 10% of its wages bill. CEO Richard Fennell announced cuts to technology and business operations alongside the deals. Bendigo shares jumped 5% on the news.
Headcount not yet disclosed — FSU estimates hundreds of roles, with some reports suggesting up to 1,000. Three global tech giants now inside Bendigo's stack: Infosys, Genpact, and Google Cloud/AI. Affected areas include technology, business & agribusiness, lending, wealth, customer processing, financial crime, and contact centres. FSU: 'The idea of Bendigo Bank being a community bank is now dead.'
1,600
Global
480
Australian
What They Claimed
"AI-era pivot" — investing more in AI
What Actually Happened
1,600 jobs cut globally, 480 in Australia. 900+ R&D roles eliminated. CTO stepped down. Restructuring cost $225-236M. Offshore operations continued to grow.
Every Australian tech layoff in 2026 has cited AI as the driver (ACS)
Recorded Layoff Events
Atlassian cut 1,600 jobs globally (10% of workforce), 480 in Australia. 900+ R&D roles. CTO stepping down. CEO framed it as AI-era pivot. Restructuring cost $225-236M.
Customer support roles eliminated by AI systems.
4,000
Global
700
Australian
What They Claimed
Framed as "AI transformation"
What Actually Happened
Mass layoffs framed as AI-driven restructure across Block’s global operations.
Recorded Layoff Events
Block cut 4,000 workers worldwide, including 700 Australians.
300
Global
What They Claimed
AI transformation and reskilling
What Actually Happened
Feb 2026: cut ~300 roles citing AI, paired with $90M reskilling program. FSU called it "totally unacceptable" given $5.4B half-year profit. Previously reversed 45 call centre cuts after admitting AI chatbot didn’t reduce call volumes.
Previously reversed AI chatbot cuts. India workforce grew 138% since 2022.
Recorded Layoff Events
CBA cut ~300 roles, majority in technology, also retail, business banking, and HR. Paired with $90M AI reskilling program. FSU called cuts totally unacceptable given $5.4B half-year profit.
2,000
Global
What They Claimed
"Adopting AI across software and operations"
What Actually Happened
WiseTech shares surged 11% on announcement of 2,000 cuts—roughly 30% of the workforce. Market rewarded headcount destruction.
30% of total workforce
Recorded Layoff Events
WiseTech Global announced it would reduce its workforce by 30%, affecting approximately 2,000 employees, as part of a push toward AI and automation.
840
Global
What They Claimed
AI-driven efficiency and strategic partnerships
What Actually Happened
631 Enterprise roles made redundant (442 eliminated, 254 moved to Infosys). Separately, 209 roles cut from the $700M Accenture AI venture announced just 13 months earlier — work moved to Accenture's India hub. CEO told investors Telstra would have a 'smaller workforce by 2030' due to AI.
The AI venture announced to create capability instead destroyed jobs. CWU: 'offshoring by stealth.' Telstra now ~30,000 FTEs.
Recorded Layoff Events
Two rounds announced same day: (1) 631 Enterprise roles redundant — 442 deemed no longer required, 254 new roles created under Infosys (to remain in AU). (2) 209 roles from Accenture AI joint venture — some work moved to Accenture hub in India. The $700M AI venture announced Jan 2025 began cutting jobs just 13 months later. CWU accused Telstra of offshoring by stealth. Telstra now has ~30,000 FTEs.
200
Global
What They Claimed
"Increasing investment in AI"
What Actually Happened
Cut 200 jobs (33% of workforce) weeks after being acquired by Shutterstock for $245M. Melbourne-based. All teams affected across Australia, NZ, Mexico, US.
33% of workforce cut. Acquired by Shutterstock then immediately restructured.
Recorded Layoff Events
Cut 200 jobs (33% of 600 workforce). AI-driven restructure weeks after Shutterstock acquisition for $245M.
60
Global
What They Claimed
"AI focus grows"
What Actually Happened
Cut 60 jobs while still advertising engineering roles in Melbourne and Sydney. Non-engineering roles cut, engineers kept.
Still hiring engineers while cutting other staff
Recorded Layoff Events
60 jobs cut citing AI focus. Still hiring engineers — cutting non-engineering roles.
AI layoff data compiled from ASX announcements, AFR, iTnews, FSU reports, and company statements. “AI-attributed” means the company explicitly cited AI or automation as a reason for cuts. Australian headcount figures are estimates where companies only disclosed global totals.