Report sent 2026-10-07 06:26 UTC

Commentary

*Overview of the week*

- Job volume (among FIT 6+ roles) dropped this week to an average of 3.1 postings/day, down from 4.8/day last week — a notable ~35% decline.
- The mix shifted slightly toward the public sector: public sector's share rose from 9.1% to 13.6% and government reappeared at 4.5% (from 0%), while product roles thinned out from 9.1% to 4.5% of postings.

*Trend over time*

- At 3.1/day, this week sits noticeably below where things were a month ago (5.0/day) and three months ago (4.1/day), but it's roughly back in line with where volume was six months ago (3.4/day).

*Significant hirers for the week*

- Westpac Group (2 roles): building out enterprise integration/API modernisation and running a fraud & financial crime transformation program.
- NSW Department of Communities and Justice (2 roles): public sector digital delivery, covering systems analysis for Multicultural NSW and a Courts/Tribunals digital portfolio BA role.
- Teachers Mutual Bank (2 roles): scam prevention and mortgage fraud/lending risk work, tied to the new Scams Prevention Framework.
- Insignia Financial (2 roles): Dynamics 365/Power Platform and Advice & Customer Technology transformation at the ASX-listed wealth platform.
- Reserve Bank of Australia (2 roles): supporting RITS real-time settlement infrastructure and a Finance modernisation/data analytics push.

*Rumour mill*
- Fresh data shows a record wave of public service exits, with 
overall retrenchments nearly quadrupling from 352 in 2024-25 to 1328 in 2025-26
 (https://www.canberratimes.com.au/story/9358718/aps-job-cuts-1328-public-servants-exited-in-record-wave/).
- Australia's services sector (which covers much of financial/professional/enterprise work) saw hiring soften, as 
growth in Australia's services sector slowed to a three-month low in September, with firms cutting staff for the first time since May
 (https://investinglive.com/news/australia-services-pmi-growth-slows-to-51-9-job-cuts-return-as-price-pressures-build/).
- In financial services, ANZ's restructuring under CEO Nuno Matos continues, with 
at least 10 senior bankers across Hong Kong, Singapore, and Australia departing the firm by October
 as part of its wider cost-cutting drive (https://azat.tv/en/anz-bank-restructuring-leadership-tech-cuts/).

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