Telstra this afternoon confirmed it was conducting a review of its management structure that could reportedly see up to 330 senior staff lose their jobs — many of whom are believed to be on six figure salaries.
“These changes are about making our business simpler, removing duplication and increasing the speed of decision-making,” Telstra said in a company statement this afternoon. “All of the changes are intended to make processes simpler for our front-line staff, enabling them to make things happen faster and serve customers better.”
It is believed the layoffs will come into effect within the coming weeks as part of CEO David Thodey’s ongoing reorganisation of the telco.
The news comes on the back of ongoing waves of redundancies within Telstra’s workforce. In late April the telco confirmed union claims it was discussing cutting around 900 jobs over the coming year, although at that stage the idea was just a proposal.
Under former chief executive Sol Trujillo, the telco cut many thousands of jobs as it streamlined its operations and modernised its technology. Thodey has helmed the telco for more than a year now, but has taken a less aggressive approach to redundancies.