Australia’s Largest Telco Announces Hundreds of Job Cuts

A Telstra logo is seen outside the Telstra Melbourne headquarters in Melbourne, Australia, on June 14, 2017. Michael Dodge/Getty Images

Australian telco giant Telstra has started a new round of job cuts as the company progresses with its cost-saving strategy to remain competitive in the market.

On July 20, Telstra said the latest changes within the company had resulted in “a net reduction of around 472 jobs.”