Telstra to splash $700m on AI joint venture:
The move may lead to further job losses for Telstra, which last year announced plans to cut up to 2800 workers.
smh.com.au/technology/telstra-to-splash-700m-on-ai-joint-venture-20250115-p5l4hs.html
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field that develops and studies software enabling machines to exhibit intelligent behavior
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Key FactsTelstra Plans to Cut up to 2800 Jobs
May 21, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: smh.com.au
Summary created with AI assistance · Source: smh.com.au
- Telstra announces plans to cut up to 2800 jobs by the end of 2024 to improve productivity.
- CEO Vicki Brady emphasizes the necessity of the cuts to remain competitive and support data growth.
- The union labels the cuts a "national disgrace" and warns of impacts on customer service standards.
- Despite the layoffs, Telstra reaffirms its financial forecasts and adjusts its pricing strategy for greater flexibility in meeting customer needs.
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Telstra ordered to pay $50 million in penalties for ‘unconscionable practices’: Telstra ordered to pay $50 million in penalties for ‘unconscionable practices’
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