ANZ will slash thousands of jobs in the coming 12 months as part of a plan to "simplify" the bank and "strengthen its focus".

In a release today, the bank said it expected to farewell 3500 employees by September 2026.

It promised to treat employees with "care and respect" and to move through the process as quickly as possible.

ANZ said there would be "limited impact" on frontline roles that involved interaction with customers.

"We know this will be difficult news for some of our staff," ANZ chief executive Nuno Matos said.

"While some of these changes have already commenced, we are committed to working through the impacts as quickly and safely as we can, with both care and respect for our teams affected."

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