ASX cuts back on overpaid tech contractors who were ‘taking the p---’

The ASX’s technology boss says it will reduce reliance on technology contractors and consultants, in favour of full-time employees, as company insiders blew the whistle on overpaid temporary staff, and consultants being employed for years on end.

The stock exchange operator is in the midst of a huge suite of challenging technology upgrade and replacement programs, and company insiders told The Australian Financial Review, that some of these projects had been staffed by contractors on rates well above the industry standard.