Australian telecom giant Telstra to lay off nearly 500 employees

Glonway, July 20 | According to Reuters, Australia's largest telecommunications company Telstra said that due to digital and automation transformation and withdrawal of some legacy products and services, it plans to lay off nearly 500 employees, a net reduction of about 472 jobs. The scale of layoffs is slightly higher than 1% of the company's total number of employees, but the layoffs will not affect the customer-facing sector.

Gelonghui FinanceJul 20, 2023 10:23

Optus Hack May Boost Telstra's Revenue -- Market Talk

0234 GMT - Morgan Stanley analysts don't change their base case estimates for Telstra in the wake of rival Optus' cyberhacking but they view the event as an unexpected tailwind for Telstra's mobile su

Dow JonesSep 30, 2022 10:36

Telstra Price Target Raised 5% to A$4.00/Share by Macquarie

Telstra Price Target Raised 5% to A$4.00/Share by Macquarie

Dow JonesSep 8, 2022 06:55

Telstra's FY 2023 Guidance Implies Minor Downgrade -- Market Talk

0118 GMT - Telstra's inclusion of its recently acquired Digicel Pacific business in its FY 2023 outlook implies a downgrade to its latest guidance, but not by enough to unsettle J.P. Morgan analyst Ma

Dow JonesAug 15, 2022 09:19

Telstra Price Target Cut 1.1% to A$4.60/Share by JPMorgan

Telstra Price Target Cut 1.1% to A$4.60/Share by JPMorgan

Dow JonesAug 15, 2022 07:03

Telstra's Mobile Outlook Supports Positive MS View -- Market Talk

0108 GMT - Telstra's expectation that it can increase annual mobile-service revenue by mid-single digits through FY 2025 supports Morgan Stanley analysts' positive view of the stock. The analysts say

Dow JonesAug 12, 2022 09:09