Displaying items by tag: Job cuts

National Broadband Network operator NBN Co has come under fire from the CEPU Communications Union for the “outrageous” salary of network chief Stephen Rue, after his axing of hundreds of jobs in the middle of a pandemic and while “overseeing a shonky” NBN network rollout.  

Australia’s peak body for science and technology, Science & Technolgy Australia (STA), fears the permanent loss of talent from the country’s research system and has called on the Federal Government to staunch the "hemorrhaging" of talent in the wake of thousands more job cuts just announced by universitities.

The union representing Telstra workers wants all Australian businesses to follow suit with the telco’s decision to put on hold any further job cuts for the next six months as part of its contribution to national economic stimulus in response to the coronavirus outbreak.

Telstra is cutting an additional 280 jobs as it continues culling its workforce as part of the program announced in 2018 that it would effect a net reduction of 8000 employees and contractors by 2022 - and reduce two to four layers of management, with one in four executive and middle management roles to go.

Australia's biggest telco Telstra has brought forward its plans, announced last June, to sack thousands of workers, leading to an increase of $200 million in the company's restructuring costs for the current financial year.

Singtel Optus will sack 440 workers over the next two months in what it says is a bid to reduce the number involved in back-office work.

The Communications Workers Union has described Telstra's decision to cut the jobs of 8000 employees and contractors by 2022 as "putting short-term profits above long-term services for the Australian community".

Telstra's announcement that its plan to cut 8000 jobs by 2022 will improve customer service has been labelled as "nonsense" by the Australian Greens.

Australia's biggest telco Telstra has announced that it will effect a net reduction of 8000 employees and contractors by 2022 and reduce two to four layers of management, leading to the cutting of one in four executive and middle management roles.

The union that covers telecommunications workers claims the sacking of 400 more workers at Singtel Optus shows the "reprehensible contempt" that management has for the workforce.

Close on the heels of announcing 200 jobs would go due to phasing out its Virgin Mobile subsidiary, Singtel Optus has announced that it would be making another 400 positions redundant in the coming months.

The news that Optus will be axing 200 jobs across Australia due to its decision to phase out its subsidiary Virgin Mobile over the next two years has been described as "a devastating blow to workers".

Don’t worry, Microsoft is in no danger of going away: what will go is thousands of jobs mostly in sales, mostly outside the US, mostly to benefit cloud growth.

Australia's second biggest telecommunications provider Optus is cutting 320 jobs in a number of divisions and says that more redundancies will take place in the next 12 months. However, the telco said it would also be adding 140 new roles.

Telstra has quietly reduced the numbers in its ranks by 1088 in the last six months, leaving it with 32,551 full-time equivalent staff. The company says the rise of the NBN is one reason for the cuts.

Microsoft will announce the final 700 job cuts for FY 2016-17 next week at its quarterly earnings report. Analysts are saying that is not too bad for a company employing more than 114,000 people.

HP Inc, the hardware arm of the Silicon Valley pioneer formerly known as Hewlett Packard, says it expects to cut up to another 4000 jobs by 2019.

Predictions of a bloodbath at IBM, heatedly denied by the company, appear to be true. Up to 100,000 of the company’s staff, nearly one quarter of the total global workforce, is facing the axe.

Just as the ABC announces massive job cuts, the union representing staff at the nation’s premier scientific research organisation has released a report into the effects of layoff there.

It used to be that a job at IBM was a job for life. No more. Now Big Blue is slashing jobs worldwide in an effort to cut expenses.