<ul><li>Westpac, the Australian multinational bank, is set to cut at least 1,500 jobs as part of a major rehaul to simplify processes and cut costs.</li><li>Managers have been instructed to reduce five percent of the workforce, with the cuts potentially affecting up to 1,700 employees across the bank.</li><li>This downsizing effort, reported as the largest in a decade for Westpac, is led by CEO Anthony Miller as part of the 'Unite' campaign to improve efficiency and profits.</li><li>To mitigate the impact of job cuts, the company plans to retrain or redeploy affected employees, with a focus on aligning workforce size with investment priorities and maintaining customer-facing roles.</li></ul>

Westpac gears up for major rehaul & 1500 job cuts

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