Page 33 - Telstra News Today

Telco giant Telstra will axe up to nine per cent of its workforce to save $350m, focus on...

Consultation on 377 of those roles would begin immediately, mainly from areas supporting the products and services to be exited in its enterprise business, Telstra said. The company expects to record one-off restructuring costs of A$200 million ($133.36 million) to A$250 million in fiscal 2024 and 2025. Telstra reiterated its earnings forecast for 2024 and said it expects underlying earnings before interest, taxes, depreciation, and amortization for 2025 between A$8.4 billion and $8.7 billion.

Chief executive Vicki Brady says the cull will affect 9 per cent of its workforce and save the company $350 million.

Telstra will cut up to 2,800 jobs - an estimated nine per cent of its total workforce - by the end of the year.

Telco giant Telstra will axe up to nine per cent of its workforce to save $350m, focus on...

Up to 2800 jobs will be axed at Telstra to simplify operations and improve productivity, the telco has announced.

Telstra will cut thousands of jobs by the end of the year.

The Australian telecommunications company Telstra plans to cut 2,800 jobs as part of a continuing strategic review, helping cut $233.4 million in costs.

Telecommunications company Telstra has tapped consulting digital services provider Infosys to bolster its software engineering and IT transformation j...

Telstra is planning to cut up to 2,800 jobs in a move it claims will be part of a plan to save $350 million by the end of June next year.