- Optus has confirmed that 400 jobs will be cut from the workforce to save costs
- Cuts are part of a strategy to ‘fund future investments’ in a competitive market
- Optus said it wants to be a ‘world-class, mobile-led, digital services provider’
- A spokesperson said the cuts will endeavour to ‘remove duplication’
Optus has announced 400 jobs will be cut from the workforce to save costs and ‘remove duplication’ of employees.
Australia’s second largest telecommunication company confirmed the job losses are a part of a strategy to ‘fund future investments’ in a ‘increasingly competitive and disruptive market’.
Optus said in a statement it wants to become a ‘world-class, mobile-led, digital services provider’, the ABC reported.
Optus has confirmed that 400 jobs will be cut from the workforce to save costs (stock picture)
A spokesperson said the cuts will endeavour to ‘remove duplication and establish a more sustainable cost base’.
Similarly to recent changes made by Telstra, the move will look to position the company as more than just a telco.
Just last week it was revealed that Optus will be pulling the plug on Virgin Mobile, leaving more than one million customers of the failing network asking questions.
The company confirmed the shut down, and the closure of all 36 Virgin Mobile stores, on Wednesday after weeks of speculation.
End of an era: Optus is pulling the plug on Virgin Mobile leaving more than one million customers of the failing network asking questions
The move will leave more than one million customers who use Virgin Mobile in the dark however Optus did assure the closure would not affect Virgin Mobile customers.
The telco said it would personally call each one of Virgin’s customers to discuss their options.
The company will hope to switch them across to Optus but said the decision will not be forced.
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