Optus to cut 400 jobs to fund 'future investments' and cut costs
Updated
Optus has confirmed it will cut approximately 400 jobs, with no plans to close any of its retail stores.
The job losses are part of the telecommunications company's strategy to "fund future investments" in an "increasingly competitive and disruptive market".
It also wants to position itself more broadly as a technology company — a similar strategy to Telstra, which wants to be seen as more than just a telco.
In a statement, Optus said it wants to become a "world-class, mobile-led, digital services provider".
An Optus spokesperson said the jobs will be shed in an effort to "remove duplication and establish a more sustainable cost base".
More to come.
Topics: business-economics-and-finance, company-news, telecommunications, internet-technology, australia
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