From Investing.com: 2024-05-20 21:41:20

Telstra to cut up to 2,800 jobs by end of 2023 to simplify operations and reduce costs. Restructuring costs expected between A$200-250 million. Earnings forecast for 2024 reiterated, with expected EBITDA for 2025 between A$8.4-8.7 billion. Company reviewing products and services, updating customer terms for mobile plans. Shares fell 2.7%.



Read more at Investing.com: Australia’s Telstra to axe up to 2,800 jobs by year-end to cut costs By Reuters