Australia & New Zealand Banking Group Ltd. will cut at least 60 jobs from its markets division in Australia and global offices, Reuters reported June 14, citing a confirmation from spokesman Stephen Ries.

The job reduction will affect 30 employees in Australia and a number of staff across Asia, Europe and the U.S., accounting for about 7% of the company's workforce, Ries said.

The move was announced internally by Shayne Collins, the group's managing director of markets, who cited "challenging" conditions and "ongoing headwinds" for reviewing the group's operating model, according to a May 4 email to staff, a copy of which was viewed by the news outlet. The information was confirmed by Ries on June 14 after Sky News reported the matter.