Australia's Telstra to axe 550 roles in enterprise business overhaul


FILE PHOTO: A woman walks past a Telstra store in Sydney's CBD in Sydney, Australia, July 3, 2024. REUTERS/Jaimi Joy/File Photo

(Reuters) -Telstra Group, Australia's top telecom operator, said on Wednesday that it plans to lay off 550 employees as part of an ongoing overhaul of its enterprise business and structural changes across other parts of the organisation.

The 550 affected roles represent less than 2% of Telstra's total full-time workforce of 31,876, as of the end of last year.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Meta begins job cuts as it shifts from metaverse to AI devices
Fury over Grok sexualised images despite new restrictions
Japan probing Musk's Grok AI service over inappropriate images
Italy probes Microsoft's unit over sale practices for 'Call of Duty' and 'Diablo' video games
TikTok to tighten age checks in Europe as regulators ramp up pressure
Beware of online ads with elaborate backstories. They may not be from a real small business
Factbox-Taiwan contract chipmaker TSMC's US investments
OpenAI expects another ‘seismic shock’ from China amid speculation of new DeepSeek release
BBC to strike content deal with YouTube, FT reports
Anthropic appoints Microsoft veteran Irina Ghose as India MD

Others Also Read