Commonwealth Bank Rakes in Billions—Then Fires 160+ Workers. What’s Their Excuse?

Record Profits, Record Job Cuts—What’s Going On?

Commonwealth Bank of Australia (CBA), the nation’s biggest bank, just posted a staggering $5.13 billion half-year profit. 

And how do they celebrate? 

By axing 164 employees from their technology division. It’s a brutal move that exposes the cold, profit-first mindset of Australia’s largest financial institution.

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Sydney Takes the Biggest Hit—But No City Is Spared

The bulk of the job cuts are hitting Sydney, but workers in Melbourne, Brisbane, Perth, Hobart, and Tweed Heads aren’t safe either. 

These aren’t just redundancies—they’re a calculated decision to cut costs despite record-breaking earnings.

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The Finance Sector Union Is Demanding Answers—So Should You

The Finance Sector Union (FSU) isn’t letting this slide. 

They’re demanding to know why a company swimming in cash thinks it’s acceptable to slash jobs. If CBA is so profitable, why are they throwing skilled workers under the bus?

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Tired of Big Banks? There Are Smarter Investment Options

If you're sick of banks making billions while cutting jobs, maybe it's time to consider alternative investment strategies. 

Supavest OCP and TIC Property offer opportunities that put investors first, focusing on real, tangible assets—not corporate greed. 

Why trust banks when you can take control of your financial future?

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