A. 500
B. 1,000
C. 2,500
D. 5,000

Explanation:

National Australia Bank (NAB) planned to cut approximately 2,500 jobs, equivalent to about 6% of its workforce. The announcement came amid broader attention to employment conditions and economic uncertainty in Australia.

Key points

• – Report date: 20 October 2026.
• – Bank: National Australia Bank.
• – Planned job cuts: Approximately 2,500.
• – Reported share of workforce: About 6%.

Related questions and answers

– Q: What does NAB stand for?

A: National Australia Bank.

– Q: What is a workforce?

A: The people employed by an organisation or within an economy.

– Q: What is an unemployment rate?

A: The percentage of people in the labour force who are unemployed and seeking work.