Australia’s Telstra slashes jobs as ‘tipping point’ forces strategic reset

REUTERS – Australia’s largest telecom firm Telstra Corp Ltd said it would cut a quarter of its workforce and flagged asset sales today (June 20), as competition and new technology crush its mainstay fixed-line businesses and force a strategic reset. It will shed 8,000 employees and contractors from a workforce of 32,000 to save A$1 […]

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