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Commonwealth Bank CEO: AI Will Eliminate Jobs Across Industries, Companies Must Help Employees Plan

GateNews

AI Industry News

2026-05-26 01:19:21

According to Guru Club, on May 26, Commonwealth Bank of Australia CEO Matt Comyn stated that artificial intelligence will eliminate jobs across industries, and companies have a responsibility to help employees prepare for an evolving future. Comyn noted that Commonwealth Bank, like many large institutions, will complete some tasks with smaller teams. While job reductions are likely, many current employees will leverage the technology to find new opportunities, and new roles may emerge. The bank plans to launch new AI-based services for retail and corporate customers in the coming months.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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