Telus letting go 6,000 workers

August 9, 2023

Telecommunications giant TELUS is cutting 6,000 jobs from its business.

The workforce reduction will affect 4,000 jobs in the main business. Among them, half will be laid off while half will be offered early retirement and voluntary departure packages, reports The Canadian Press.

“The industry keeps changing and from a competitive perspective, we always want to prepare ourselves for the future,” says Doug French, TELUS CFO, in the CP story. “We see more digitization, we see prices are coming down in our industry, which customers are looking for. And so preparing to ensure we continue to be very competitive in the market, we need to align our cost structure to what that looks like.”

Source: HR Reporter