Over 100 ANZ Tech Jobs at Risk in New Zealand

More than 100 technology jobs at ANZ New Zealand could be lost under a proposed restructure that may see some software testing work moved to an external provider and potentially offshore.

The changes reportedly affect more than 400 technology roles across the bank, including quality assurance engineers, lead engineers, product owners and project managers.

ANZ has about 1,500 permanent technology staff in New Zealand, according to reports, meaning the proposed cuts could affect roughly one in 15 of its permanent New Zealand technology jobs.

The bank has confirmed it is considering changes to its technology team, but has not confirmed the reported number of job losses.

An ANZ New Zealand spokesperson said the bank was looking at bringing together related functions including data, artificial intelligence and engineering to create greater consistency and make better use of expertise across the wider ANZ group.

The bank said the proposed changes affect non-customer-facing roles and that its immediate priority was supporting staff through the consultation process.

Employees are currently undergoing a two-week consultation period, with the final structure expected to be settled in early October.

Software testing appears to be a key part of the proposed changes. The work involves checking applications and systems for bugs, errors and other problems before they reach customers.

Reports have indicated ANZ is considering consolidating that work with a single external technology provider, which could result in some of the work being performed overseas.

The proposed restructure comes amid a broader cost-cutting programme across the ANZ group. The bank previously announced plans to remove 3,500 roles by September 2026, with Group Technology among the areas most affected.

For affected New Zealand staff, however, the outcome is not yet final. The consultation process gives employees an opportunity to respond to the proposal before the bank makes its final decisions.