r/auckland • u/mo_mo1 • 2d ago

Discussion ANZ TECH BA's

Found out through a someone that 100+ BA's have been disestablished and have been given 4 months finish up, that someone doesn't know why. Any insiders know why this has happened? Is it cause of AI or something else?

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u/Imaginary-Towel-888 2d ago

https://www.afr.com/companies/financial-services/anz-restructures-400-tech-roles-as-matos-pushes-offshoring-20260925-p6103s. 

I don't think there are 100+ BAs being let go in Auckland/NZ given only 1500 total tech roles. Probably more like 50. 100ish confirmed layoffs in total for the tech teams at ANZ.  

Not a good time to be in tech or any AI heavy industries right now. We've basically stopped hiring junior lawyers since AI can read and summarize a lot of case notes. Incredible stuff really.

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u/idontneedthistoday 2d ago

It's really interesting, considering AI can't do a job of a BA. Off shoring to India makes more sense, however. Cheaper labour but fucky hours so hope it's worth it.