Fresh job cuts across Australia are fuelling fears that the employment market is turning sharply, with three major companies slashing workers in a brutal week of redundancies.

Tech, insurance and betting companies have all confirmed layoffs or restructures, as a recruitment expert warns a perfect storm of AI, jobs being offshored to countries like India and the Philippines, and high immigration makes Australia’s white collar job market more competitive.

The latest casualties include comparison website Finder, which has axed 54 roles globally in a fresh round of cuts.

The redundancies include 27 full‑time jobs and 27 contractor positions, leaving the company with a global workforce of about 200 staff.

A spokesperson said the company was reshaping itself as AI rapidly transforms the industry.

‘AI is fundamentally changing the landscape, and we are choosing to transform our structure now to stay ahead of that shift,’ a Finder spokesperson told Daily Mail Australia.

‘Any staff reduction is a difficult decision, particularly given our team’s dedication, and we are providing comprehensive support to all departing employees.’

Daily Mail Australia can reveal insurance giant IAG has begun reshaping its workforce, eliminating a number of roles.

Specialist recruiter and career coach Tammie Ballis warned that rising unemployment, artificial intelligence and high immigration are creating the perfect str

Meanwhile, bookmaker Sportsbet has confirmed another round of cuts, planning to reduce headcount by about 90 roles.

That figure includes 50 redundancies, while a further 40 jobs will be left vacant under a hiring freeze.

Sportsbet employs about 1,200 staff across Australia, meaning the cuts amount to roughly 7.5 per cent of its workforce.

The move comes as the wagering sector battles slowing growth and tougher government regulation.

‘Like many organisations, Sportsbet is continuing to evolve how we operate in a more competitive and challenging environment,’ a spokesperson said.

The company said it was simplifying operations, improving accountability and preparing for the long term.

Earlier this month, software giant Atlassian announced sweeping cuts, slashing nearly 500 jobs from its Australian workforce as artificial intelligence reduces demand for labour.

In the same month, Commonwealth Bank cut more than 100 roles from its technology division.

Tech, insurance and betting companies have all confirmed layoffs or restructures, as a perfect storm of AI, jobs being offshored to countries like India and the Philippines, and high immigration makes Australia’s job market more competitive.

Block, the owner of Afterpay, also cut 4,000 workers worldwide, including a reported 700 in Australia, while Australian software firm WiseTech Global let go of 2,000 employees.

Specialist recruiter and career coach Tammie Ballis warned that rising unemployment, artificial intelligence and high immigration are accelerating job losses across corporate Australia.

‘In corporate and tech sectors, the market is nightmarish,’ she told the Daily Mail.

‘There are a few reasons. Immigration is the main one, but this is not the fault of immigrants but the federal government.

‘Too many people in the job pool means it’s an employers’ market – the employer gets to pick the best person for the cheapest wage. It also means that, as there are too many people applying for the same jobs, most applications aren’t seen.

‘Another issue is AI. If employers can cut costs with software or a robot, they will,’ she said.

‘From a business perspective, an employer doesn’t have to pay for superannuation, WorkCover, or payroll tax for AI.

‘AI is going to be changing the market and taking jobs. Especially in tech.’

She said another hurdle for the sector is that some firms are moving operations abroad.

‘Many of the big companies and banks are offshoring their jobs to countries where wages are cheaper, which means Australians miss out,’ she said.

New figures from the Australian Bureau of Statistics show 96,110 net permanent and long‑term (NPLT) arrivals landed in February 2026, amounting to about 3,432 people a day.

Over the twelve months to February, net permanent and long‑term arrivals reached 478,910, just under the record highs of 498,270 in February 2024 and 494,540 in January 2026.