Matt Comyn, CEO of the Commonwealth Bank of Australia, has warned that artificial intelligence (AI) will impact jobs in many industries.
The executive argued that artificial intelligence will reshape work across the economy, and that downplaying its impact on jobs would not protect workers.
CBA CEO: Pretending AI won’t cost jobs doesn’t protect workers
In an opinion piece, Komen noted that the future of work remains highly uncertain, both in the near term and over the next decade.
He explained that while some tasks are likely to It becomes automatic and some situations It may shrink, and other roles are expected to expand.
He also noted that many jobs can retain their overall structure even as their skills and responsibilities evolve. According to Komen, it is much easier to predict aspects of existing employment that may disappear than to anticipate entirely new forms of employment that may emerge.
“This will mean real change for people. At CBA, as in many large organisations, some work will be done by smaller teams. At the same time, some career paths will get sharper as people use AI to take on more complex work sooner. This will create opportunities for a lot of people, but it will be a requirement for everyone. Pretending otherwise does not protect workers. It only guarantees their surprise later,” the CEO said. books.
Layoffs in 2026 add to wave of AI job cuts
This statement comes as job cuts continue due to artificial intelligence Across the technology industry. In April, Bloomberg I mentioned The CBA will cut about 120 jobs, following a separate round of layoffs announced two months ago that affected nearly 300 employees.
Meanwhile, Wix website building platform is It is said It is preparing to cut 20% of its workforce, which will affect about 1,000 employees across Israel and international operations, according to reports in Hebrew media.
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Layoffs in technology in the United States receipt 52.050 في الربع الأول، بزيادة 40٪ على أساس سنوي، وفقًا لـ Challenger, Gray & Christmas. Global tracker TrueUp has recorded more from 144,000 reduction in 2026 with California is already preparing for Artificial intelligence exodus.
Komen’s warning and job cuts suggest that AI restructuring is moving from individual roles to reshaping the workforce more broadly.
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