Tag: Layoffs

Telstra says slashing almost a tenth of its workforce will help save $350 million. Why is the business under pressure?

On Tuesday, Telstra announced it will be cutting up to 2,800 jobs as part of a major restructure. Of these layoffs, 377 will take effect immediately from within the Telstra Enterprise business unit. Most of the remaining cuts will be announced in detail soon and finalised by the end of the year. Telstra CEO Vicki […]

How the tech giants are innovating to weather the looming downturn

Rising inflation and looming recessions are squeezing household finances, but businesses also worry about an economic downturn. This is not just because of higher bills, but also because consumers spend less and finance from banks and investors dries up when the economy worsens. Even strong industries such as technology feel these effects. With the Standard […]

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