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Telstra continues to struggle to reduce costs at a time of what it calls 'higher-than-expected inflation' and high energy costs.
Telstra has announced a significant reduction in its workforce. The company plans to lay off around 2,800 employees by the end of 2024
Why is Telstra slashing nearly 10% of its staff? It's bigger than you think.
The telecommunications giant is looking to meet its own cost-cutting targets as it faces increasing competition in a maturing market.