Telstra to Cut 2,800 Jobs in Major Restructuring Move

Australian telco giant Telstra will axe up to 2,800 jobs or 9 percent of its workforce in a major shakeup to cut costs. On May 21, Telstra announced that it would carry out a “reset” of its enterprise business, which focuses on providing network and other digital solutions to enterprise customers, by simplifying its operations and improving productivity. Telstra CEO Vicki Brady said the proposed restructuring was necessary to ensure the company could continue to invest in its infrastructures and operation processes. “Telstra’s ongoing investment in infrastructure, technology, innovation and service for our customers drives growth and underpins Australia’s digital economy, contributing to the prosperity of the nation,” she said....