Displaying items by tag: Sackings

Telstra has announced that it will sack up to 2800 workers by the end of the year, with the main cuts being in its enterprise arm.

Australia’s telecoms industry association, the Telecommunications Society (TelSoc), has raised serious concerns over the planned sacking of hundreds of employees by NBN Co, describing the move as a “misstep” by the company.

European multinational software company SAP has announced that it will restructure its operations this year, with expenses around this expected to be between €800 million to €950 million, as about 4400 staff are sacked worldwide.

Telstra is sacking another 752 workers as part of its move to cut more than a quarter of the total workforce, a move announced in June last 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.

American security firm Symantec will cut 8% of its staff worldwide — about 1000 workers in all — to increase its profit margins, the company said on Thursday, as it downgraded its annual revenue prediction due to closing less business deals than forecast.

Australia's national broadcaster, the Australian Broadcasting Corporation, will sack 37 staff from its technology team, saying it would "prioritise digital products, content management and core technology capabilities, in line with the Investing in Audiences strategy".

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.

Telstra will lay off about 1400 workers as part of an ongoing plan to reduce its operating costs by about $1 billion over five years.

Fairfax Media editorial director Sean Aylmer appears to have chosen the wrong time to start a stoush with staff – a week out from federal budget day.

Fairfax Media has announced that it will be cutting a quarter of its editorial staff at three of its newspapers and its online sites. This will amount to about 125 jobs in all.