Telstra slashing a tenth of its workforce

Telstra slashing a tenth of its workforce

On Tuesday, Telstra announced it will be cutting up to 2,800 jobs as part of a major restructure. An RMIT expert is available to comment on how we got here, why these cuts may have occurred, and what could come next for the telecommunications company.

Associate Professor Mark Gregory is available for media interviews following his article, Telstra says slashing almost a tenth of its workforce will help save $350 million. Why is the business under pressure? in The Conversation.

Key topics:

  • Telstra has been under pressure to find savings under its ambitious “T25” target to achieve a $500 million reduction in net costs by the end of financial year 2024–25.
  • Telstra hasn’t directly tied this latest round of cuts to the broader adoption of artificial intelligence (AI). But the company has been exploring ways of using the technology.
  • Telstra is facing increasing competition in a maturing market and its growth appears to be based primarily on expanding its customer base rather than introducing new products and services.
  • Before the next election, the government is expected to announce the outcome of a review into the universal service obligation (USO), a consumer protection that guarantees Australians “reasonable access to fixed telephone and payphone services”. Telstra is Australia’s nominated USO provider. But there’s no guarantee it will be renewed with Telstra in 2032.

Associate Professor Mark Gregory is a senior telecommunications and network engineering academic in RMIT’s School of Engineering. He actively participates in public debate covering telecommunications, digital security and the Internet.

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General media enquiries: RMIT External Affairs and Media, 0439 704 077 or news@rmit.edu.au

23 May 2024

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23 May 2024

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