Telstra Group Limited (TTRAF)
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- Reuters
Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation
(Reuters) -Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for mobile plans, the Australian telecom firm said on Tuesday as it grapples with stiff competition. Telstra had more than 31,000 employees as of August 2023 according to its annual report. The company said it expected to record one-off restructuring costs of A$200 million ($133.36 million) to A$250 million in fiscal 2024 and 2025.
- Simply Wall St.
With EPS Growth And More, Telstra Group (ASX:TLS) Makes An Interesting Case
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- GuruFocus.com
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