Australia's Telstra to axe 550 roles in enterprise business overhaul
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 09 2025
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Should l Buy ?
Source: Reuters
Job Cuts Announcement: Telstra Group, Australia's leading telecom operator, plans to lay off 550 employees as part of a restructuring effort within its enterprise business and other organizational changes.
Previous Layoffs Context: This decision follows last year's termination of approximately 1,900 employees, with the current layoffs representing less than 2% of Telstra's total workforce, and are not linked to the company's use of artificial intelligence.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
