Westpac to cut 1,500 jobs, simplify operations, AFR reports

Westpac Banking Corp is planning to cut more than 1,500 jobs to meet cost reduction targets and simplify operations under a plan known as UNITE, the Australian Financial Review reported on Tuesday. Westpac's UNITE program, launched in 2023, is an initiative to overhaul and simplify its technology systems. The plan aims to cut the number of core platforms, modernize infrastructure, and reduce long-term operational and maintenance costs.