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Westpac, a top Australian bank prompts outcry following mass staff cuts

Australia’s Finance Sector Union (FSU) has called out Westpac, one of Australia’s big four banks, for conducting a series of staff firings over the last two months, while at the same time reporting that the bank had a 22% surge in six-month net profits of over $4 billion. In that time, the bank laid off 751 people across many departments, claiming it needed to “cut costs during difficult economic times.”

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Australia and Big Tech both claim wins in pay-for-news wars

July 20, 2023

Google, Facebook and the Australian government have come to agreement whereby the tech companies will pay local publishers when their content appears online – with the caveat that it only applies when content is intentionally uploaded. This is an ongoing issue being negotiated globally and follows Facebook having shut down news content to users in Australia and in Canada. Meanwhile countries are looking to try to keep companies’ power in check.

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