Telco giant Telstra has announced it will be slash nearly a quarter of its workforce as part of a new strategy to "improve customer experience, simplify structure and cut costs".
The company, which has 32,000 employees, said one in four executive and middle management jobs will be eliminated over the next three years.
Telstra has been engaged in a continuous cost-reduction program throughout Penn's tenure, with its current "productivity program" targeting $1.5 billion over three years to offset the impact of the NBN on its fixed line revenues.
The announcement on Wednesday morning is part of raft of structural changes unveiled at the telco that have sent Telstra shares down more than seven per cent in early trade on the ASX, with the stock touching $2.70 at 1024 AEST - it's lowest level since 2011.
Mr Penn said the telecommunications sector had never been under more pressure, with the development of the NBN, significant increased competition, and huge pressure to invest in new technologies.
"In the future our workforce will be smaller, knowledge-based one with a structure and way of working that is agile enough to deal with rapid change".
Ratings agency S&P last month downgraded Telstra's debt for the first time in 12 years, highlighting the company's dwindling market share amid rising competition in Australia.
Telstra (TLSYY) said in a statement Wednesday that it will slash employee and contractor roles as part of plans to reduce costs by 2.5 billion Australian dollars ($1.8 billion) by 2022.
Immigration , Customs Enforcement, or Border Protection on any projects related to separating children from their families. Microsoft didn't immediately comment about whether it's still proud to supply ICE with its services.
Replacement hooker Pierre Bougarit crossed to score a try on test debut but it was ruled out for a double movement. They managed only one more try in an error-strewn second half in which France competed and tackled heroically.
Contacted after the BJP's decision to pull out, Sharma, the interlocutor, said: "I'm in Srinagar and have just learnt about it". She added that her target was to save Article 370 that gives special status to the state and PDP did that for 3-4 years.
Still, it may be wishful thinking to believe that the 6-foot-10 forward will be available that late in the draft. Even if Porter is no longer available, the Cavs are sure to have their pick of several top-flight talents.
And now the president is warning the USA may impose tariffs on a total of $450 billion of Chinese goods. Brent crude futures LCOc1 fell 0.3 percent to $75.11 a barrel after rallying 2.5 percent overnight.
The book is to be written by Lynn Nottage , a playwright who has won two Pulitzers, for Ruined and Sweat . An American in Paris Tony victor Christopher Wheeldon has been tapped to direct and choreograph.
Merkel , however, opposes any unilateral move to reverse her 2015 open-door policy and undermine her authority. " We don't want what is happening with immigration in Europe to happen with us! " he added.
The British public broadcaster says it got a record total of 3 million requests to stream the game on its website and apps. England needed a second strike in the first half to kill them off and could've gone on to get more and more.
The United States now dominates those industries, but Chinese government support could make it hard for US companies to compete. While calling Trump's administration "inconsistent and precarious", it expressed hope a trade war might yet be averted.
Gallery: Record numbers forced to flee homes
And as Israel marks 70 years of independence, there are some 5.4 million Palestinians still living as refugees, it said. The report noted that 2017 marked the second straight year that the number of internally displaced people decreased.
Rapper XXXTentacion dead at age 20 in Miami-area shooting
The footage shows witnesses attempting to check the rapper's pulse, but shows no obvious signs of bullet wounds or blood. According to police XXXTentacion , real name is Jahseh Onfroy , was taken to hospital where he was pronounced dead.
Mice chew up cash worth over a million rupees in India ATM
However, on June 11 a few repairmen had reached the ATM to fix it, and to their surprise they found rats feasting on the currency. When they cracked open the machine, they found piles of shredded cash, mostly Rs 500 and Rs 2,000 notes.
Top tier NBN uptake continues to grow
The access network achieved 100 per cent availability during the month, excluding planned outages NBN said. Just 0.089 percent of fixed-line customers have experienced network congestion, according to NBN.
At Least 2 Palestinians Wounded in Israeli Airstrikes in Gaza
An Israeli Army drone intercepts a kite launched by Palestinians from Gaza, at the Israel and Gaza Strip border on June 8, 2018. "Fire balloons" and kites carrying flammable material have become symbols of the Palestinian border protests in recent months.
Xhaka signs new long-term Arsenal contract
Emery is preparing to take Arsenal forward following the departure of long-serving manager Arsene Wenger. The statement did not reveal the length or terms of the extension.
Salah unable to avoid Egypt defeat and likely elimination
Russian Federation will be guaranteed a place in the last 16 and Egypt eliminated unless Saudi Arabia beat Uruguay on Wednesday. All this is to say, neither team will want to risk wrecking its chances on Gameday 3, so a draw seems like the best bet.