<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>ANZ has posted a better-than-expected quarterly profit, just days after it charged staff $10 for a sausage sizzle to welcome them back to the office.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The big-four bank's cash profit for the quarter ending December 31 jumped by six per cent to $1.94 billion, partly </span><a href="https://www.google.com/search?q=anz+layoffs+9news&amp;sca_esv=dcb567104b2294d0&amp;rlz=1C1GCCA_enAU1179AU1179&amp;sxsrf=ANbL-n6c0Eu5RLOIv3M-eRui3sHfEcDfJA%3A1770872466550&amp;ei=kl6NadKXIerk2roPj47MmQ8&amp;biw=1280&amp;bih=631&amp;ved=0ahUKEwjSqL6CltOSAxVqslYBHQ8HM_MQ4dUDCBM&amp;uact=5&amp;oq=anz+layoffs+9news&amp;gs_lp=Egxnd3Mtd2l6LXNlcnAiEWFueiBsYXlvZmZzIDluZXdzMggQIRigARjDBEioD1CJBFjaDXABeAGQAQCYAdMBoAHOCKoBBTAuNS4xuAEDyAEA-AEBmAIDoALuAsICChAAGLADGNYEGEfCAgYQABgNGB7CAgsQABiABBiGAxiKBcICBRAAGO8FwgIIEAAYgAQYogSYAwCIBgGQBgOSBwMxLjKgB8kQsgcDMC4yuAfrAsIHAzEuMsgHBIAIAA&amp;sclient=gws-wiz-serp" rel="" target="_blank" title="driven by the thousands of redundancies"><span>driven by the thousands of redundancies</span></a><span> announced last year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The bank flagged its profits had been buoyed by slashing operating expenses after 3500 people – around 10 per cent of the business – were laid off.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/tumbler-ridge-shooting-multiple-people-dead-high-school-mass-shooting/17343a45-b3c8-4a65-ad71-7d4d4ee85fd6" target="_blank"><strong><span>Suspect identified as Canada reels from school mass shooting</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/james-van-der-beek-actor-dies-age-48/0e69f5eb-5943-4fc1-86d3-2f7eed253726" target="_blank"><strong><span>Actor James Van Der Beek dies aged 48</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/finance/anz-1-1-billion-significant-costs-half-year-results/4288142a-a00e-4dd4-88a7-f3c41f633f0b#:~:text=A%20large%20proportion%20of%20that,3500%20were%20full%2Dtime%20employees.&amp;text=ANZ%20said%20the%20cost%20of,tax%20is%20taken%20into%20account." rel="" target="" title="More than 60 per cent of the job cuts were finalised"><span>More than 60 per cent of the job cuts were finalised</span></a><span> at the end of last year, with the majority impacting staff at its headquarters in Docklands, Melbourne.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>There are still around 1200 jobs under threat.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/anz-faces-criticism-charging-staff-for-sausage-sizzle-amid-job-cuts-bumper-profits/5c37bf4b-db62-42c3-a75a-bd30206f157b" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>ANZ's profits were announced the same week staff were reportedly offered the opportunity to attend a "welcome back to the office" sausage sizzle – for the price of $10.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A flyer posted to Instagram account @theaussiecorporate noted that employees would be given one sausage in bread with onion and condiments, one soft drink and one soft-serve ice cream for the fee.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It is not clear which ANZ office the sausage sizzle was held at.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Nine.com.au has contacted ANZ for comment.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/parking-fine-south-maroubra-beach-car-park-exclusive/4419ab40-a5b5-42c0-9253-aaf08e201eec" target="_blank"><strong><span>Phil parked between two white lines but still copped a $140 fine. Would you have done the same?</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Chief executive Nuno Matos said the bank's quarterly results showed "early progress" in its five-year strategy.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Our productivity program aimed at removing duplication and simplifying the bank is well underway, delivering a significant reduction in expenses while growing revenue," Matos said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"There was an improvement across our key financial metrics, including the return on tangible equity which rose to 11.7 per cent and cost to income ratio to below 50 per cent."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Overall revenue increased by one per cent, while operating expenses fell by the same compared to the first quarter of 2025.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>This marks the first time ANZ has reported on its quarterly results, having only posted half-yearly results in the past.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank" title=""><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>