After National Australia Bank Profit Spikes, They Lay Off 6,000 Workers

NAB

Up to 6,000 jobs will be axed in a major restructure at National Australia Bank, the lender said Thursday after posting Aus$5.28 billion (US$4.1 billion) in annual net profits. The positions will go as it further automates and simplifies its business. Some 2,000 new jobs will be created. “This will result in a net reduction in…