The JobKeeper subsidy is being slashed for 1.6 million Australians

Jack Derwin (Business Insider Australia)

From Monday, weekly JobKeeper payments will reduce to $500 from $600 per worker for eligible businesses, as as the $50 billion-plus support program enters its final three months.

While the number of recipients has halved in the last six months, the latest figures show the wages of 1.6 million Australian workers are still being supported directly by the government.