Telstra

Telstra is a company telecommunications in and information technology offering a full range of services and competing in all telecommunication sectors of the market, Australia operating the largest mobile and most wireless networks. As of March 2019, the company supplies comprehensive solutions around the world, including managed network services, global connectivity, cloudy voice solutions, and colocation conference communication solutions. satellite Telstra has the necessary licenses to operate in, and, as of Asia March To Europe United States 2019, offers access to more than 2,000 locations around the world.

History

2024: Dismissal of 9% of employees

On May 21, 2024, the largest Australian telecom company Telstra announced a reorganization, during which approximately 9% of employees will be laid off. These measures will help reduce costs and provide cost savings in the future.

Telstra CEO Vicki Brady announced the reduction in headcount. She cited inflation, rising electricity prices as reasons for the restructuring, as well as difficult market conditions. At the same time, personnel changes are not related to the introduction of artificial intelligence technologies by the company. It is known that the cuts will be made "in all directions," affecting sales, products and technologies.

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Telstra

The actions we announce today are complex, but they are necessary to ensure the efficiency and sustainability of the business. This will help us continue to invest to meet the ever-increasing demand for our connection. We need to continually make significant investments in our infrastructure, our technology and our services to deliver what customers need today and in the future, "Brady says.

In total, approximately 2,800 employees will lose their jobs. Most of the job cuts are in the corporate business division. It is argued that these measures will not affect the quality of service to ordinary consumers in any way. Going forward, the reorganization will help Telstra remain competitive in a challenging macroeconomic environment. The company estimates the costs associated with the decrease in headcount at $200- $250 million. The funds will go, among other things, to pay compensation to employees. In the future, Telstra expects to receive savings of $350 million per year^[1]

2021: Investing in vArmour App Protection Solution Developer

In mid-February 2021, startup vArmour developing solutions for protecting applications, received an investment of $58 million. Along with pre-existing investors AllegisCyber Capital and NightDragon, Standard Chartered Ventures, Highland Capital Partners, Australian operator Telstra, EDBI and the fund also participated in this funding round. Vladimir Yevtushenkov Redline Capital More. here