Future Fund cutting 10 roles, $15M costs via tech automation
Australia's $335B sovereign wealth fund is reviewing 10 investment and ops roles after deploying new data systems. Expected savings: $10-15M in FY26/27, or 5-7% of costs. CEO Raphael Arndt says tech investment since COVID is now 'baked in.' This mirrors Bendigo Bank's recent AI-driven cuts and signals broader government sector automation.