Telstra is planning to slash another 550 staff in yet another round of job cuts.
The telco announced the proposed cull to its 31,000 staff this week, making it clear the cuts were not a result of it adopting AI technology.
Telstra said those affected by the proposed cuts would be consulted.
‘If the changes go ahead, we’ll work with the people in the roles that are no longer required to seek to help them find another role at Telstra,’ the spokesperson said.
‘If that’s not possible and they end up leaving Telstra, they’ll have access to our redundancy package and a range of support services.’
The telco said the cuts were the result of an ‘ongoing reset’ to its Telstra Enterprise business and a restructuring of other teams across the company.
It said the cuts would ‘reduce complexity, create efficiencies and respond to changing customer needs’.
In May 2024, Telstra announced it would slash 2,800 jobs by the end of the year – amounting to nine per cent of its workforce.
Telstra is planning to slash another 550 staff in yet another round of job cuts (stock image)
The telco announced the proposed cull to its 31,000 staff on Thursday, making it clear the cuts were not a result of it adopting AI technology (stock)
CEO Vicki Brady said at the time the job cuts were necessary to ensure the company’s productivity.
The majority of cuts focused on reducing non-labour and indirect labour costs.
This is expected to save the company about $350million by 2025.
Telstra has previously announced it will scale up its use of artificial intelligence.
In February, the telco revealed it would expand two generative AI solutions which have been developed in-house.
The decision was made following ‘promising pilots with frontline team members, enabling faster and more successful interactions with customers’.
Telstra’s underlying earnings – before interest, depreciation, amortisation and tax – in 2025 was forecast between $8.4billion and $8.7billion.
More to come.
