Original article by Jenny Wiggins
The Australian Financial Review – Page: 1 & 16 : 22-May-24

Telstra has revealed plans to reduce its global workforce by up to 2,800 before the end of 2024, as part of its plan to reduce costs by $500m via its T25 strategy. The telco has advised that the job cuts and other cost reduction measures will help to reduce its expenses by $350m by the end of the 2024-25 financial year; however, Telstra has conceded that it will fall short of the T25 target. Telstra’s enterprise division is expected to bear the brunt of the job cuts. Telstra will also increase the price of some mobile phone and internet plans.

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TELSTRA CORPORATION LIMITED – ASX TLS