Telstra to cut 2800 jobs in business reset to ‘simplify operations’

  • 📰 7NewsSydney
  • ⏱ Reading Time:
  • 25 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

News News

Technology,Technology,Telecommunications

7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.

Telstra is cutting up to 2800 jobs to “simplify its operations and improve productivity”, the telco says. A business reset along with other organisational changes means a significant number of roles will go by the end of the year. Telstra says the move will help save the company $350 million. Employees and unions have yet to be consulted. The potential cuts announced on Tuesday amount to about 9 per cent of the company’s workforce, with most of the axed roles to go by the end of the year.

It will also “reshape some of its internal operations” by shifting staff from its global business services into other parts of the company. The announcement came within “an evolving competitive landscape, rapid advances in technology, changing customer needs and ongoing inflationary pressures”, Telstra said. Brady flagged potential redundancies in February when she revealed the telco had achieved about $105 million, or 20 per cent, of the savings outlined in its long-term strategy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Telstra considers axing thousands of jobs in major business ‘reset’Telstra is considering cutting almost 3,000 jobs from its workforce as the telecommunications giant announces major organisational changes.
Source: SkyNewsAust - 🏆 7. / 78 Read more »