A pedestrian walks past a Telstra logo adorning a phone booth in the central business district (CBD) of Sydney in Australia. REUTERS/David Gray/File photo SYDNEY  – Australia's biggest telecommunications company Telstra said on Thursday it planned to cut nearly 500 jobs due to changes from digitization and automation, as well as its exit from some legacy products and services. The proposed reduction amounts to just over 1 percent of the company's total workforce but come at a time when businesses around the world are starting to hunt for savings amid persistent inflation and rapidly increasing interest rates.

https://business.inquirer.net/411193/australia-telco-giant-telstra-to-cut-nearly-500-jobs

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