Optus Restructure To Slash 400 Jobs
Recent reports reveal Optus will slash around 400 jobs, as the telco looks to streamline operations amidst rising competition and margin pressures.
The telco is reportedly amidst an operational restructure, with hundreds of managerial and administration roles set to be made redundant.
Optus asserts the telco is making “a number” of organisation changes, to ensure it can perform in an “increasingly competitive and disruptive market”.
The news follows Optus’ decision to phase out Virgin Mobile Australia by 2020, in a bid to consolidate its user base and increase competitiveness – a move which close 36 stores and affect around 200 jobs.
As previously reported, in August last year Optus cut around 300 jobs, followed by 170 technicians in October after outsourcing network operations to Nokia.
Despite adding 384,000 new mobile customers in its recent full year report, the telco is facing increased margin pressures like many of its telco rivals.
Just yesterday, S&P Global Rating downgraded Telstra for the first time in over a decade.
As previously reported, Optus’ NBN related advertisements were also recently deemed misleading, resulting in a $1.5 million penalty.