Summary
- Telstra is cutting nearly 10% of its workforce, with 377 jobs gone immediately and a total of 2,800 by December.
- The company is facing challenges from competitors offering cheaper internet-based services and more efficient data management options.
- Telstra aims to save $350 million by simplifying operations and reducing staff.
- The job cuts at Telstra reflect deeper structural changes in the job market, making it harder for workers to find new roles.
