Image via GN — ASX:BEN Bendigo and Adelaide Bank
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Bendigo and Adelaide Bank: Layoffs
Bendigo Bank announced job cuts following technology partnerships, indicating workforce rationalization as a result of outsourcing or automation initiatives.
The leadership read
Workforce moves like this mark the contracting side of the sector hiring conditions.
Market context: The wider read — a Talent Market Index of 112.9 (Hot), up 11.4 month-on-month — shows Oceania signal flow easing (-2.5pts).
Bendigo and Adelaide Bank: 1 signal in the last 90 days; 0.1% of MitchelLake's Oceania signal flow.
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