Connect with us

Cars

Telstra to line up 6,000 jobs to cut by end of fiscal year

Published

on

Telstra releases HTC 5G Hub and Samsung S10 5G to be available May 28
Pricing to start from AU$70 a month for 10GB of base data.

Telstra has informed the ASX that “as a result of good progress” on its T22 plan, it will be bringing forward talks on job cuts. 

As a result, the company will flag 6,000 jobs to go by the end of the financial year.

“Telstra is also ahead of plan on the simplification of its structure and ways of working announced as part of T22, which as previously announced is expected to lead to a net reduction of around 8,000 employees over three years,” the company said on Wednesday.

“Telstra today commenced consultation with employees and representative unions on proposed job reductions previously expected to be announced in the first half of FY20.”

Consequently, the Australian telco said it would need to raise its FY19 restructuring costs from AU$600 million to AU$800 million, and would have AU$350 million in restructuring costs after its 2019 financial year.

“While impacted employees will not be leaving the organisation until early FY20, consultation is expected to conclude in mid-June and therefore the costs will be included in Telstra’s FY19 results,” Telstra said.

At the same time, Telstra said it would write down the value of its legacy IT assets by AU$500 million.

Telstra CEO Andy Penn said the company had a potential AU$50 million transition program for affected workers, and that by the end of the fiscal year, it would have completed 75% of its “direct workforce role reductions”.

“We will continue to see role reductions as we replace our legacy systems, digitise and simplify how we work, and respond to things like declining NBN and call volumes, but if a final decision is made on the proposal announced today we expect the majority of our T22 restructure will be behind us,” Penn said.

“Overall we are on track in relation to our T22 program.”

Under the T22 plan announced in June 2018, Telstra projected it would cut 9,500 jobs, remove 25% of executive and middle management roles, and create 1,500 new jobs largely in software and cybersecurity roles.

“This simplification is crucial to Telstra’s competitiveness, and we expect it to lead to a 30% reduction in our labour costs,” Penn said at the time.

Telstra’a long-promised simplified mobile plan structure is set to be announced next month.

Last week the telco announced it would charge AU$15 a month for 5G connectivity after customers are given the first 12 months free.

In December, Telstra announced new small business plans.

Related Coverage

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cars

Indiana Is The First State To Sue TikTok Over Child Safety Worries

Published

on

To tech-savvy and/or historically informed readers, the widespread concern about TikTok in the U.S. might smack of earlier moral panics. As mental health nonprofit Take This reports, it’s a matter of record that social media, video and tabletop games, clothing choices, music genres, and virtually anything else enjoyed by the young have been excoriated by American elders on one moral basis or another.

At the same time, serious questions have been raised about the safety of TikTok as a platform. We’ve reported in the past about the successes and failures of TikTok’s content moderation, from its largely hands-off, algorithmic approach to managing content to the borderline unethical treatment experienced by the human moderators the platform does possess. Content capable of generating severe psychological trauma in adult professional content managers certainly shouldn’t be emerging in children’s feeds.

Moderation and data security are also inescapably entwined. Hands-off moderation doesn’t just threaten the possibility of traumatic content in users’ feeds; it allows for sharing media at least some users are likely to see as unethical if not illegal. Add that to the documented pressures that Chinese law puts on social media platforms and it starts to seem like the Indiana lawsuit, right or wrong, at least has some kind of grounding.

Still, TikTok has answered critics and survived plenty of tough talk from the previous presidential administration. Whether it can continue to do so will depend both on the commitment of the platform’s user base and its ability to adapt to the requirements of American law.

Continue Reading

Cars

How Fast Is The Electric Harley-Davidson Motorcycle Really?

Published

on

According to Livewire, the ONE has some impressive speed and acceleration numbers, going from 0-60 mph in just three seconds and topping out at 110 mph. Sure, 110 mph doesn’t seem awfully fast, but Harley-Davidson motorcycles were never known for being fast. According to testing by CycleWorld, the Livewire ONE lives up to its reputation, accelerating from 0-60 mph in 3.1 seconds — a fraction of a second slower than the marketed number.

Interestingly, in terms of acceleration, the Livewire ONE is second only to the FXDR 114, which has a 0-60 mph time of only 2.5 seconds, according to Harley Davidson of Kingwood. Being quick off the line is par for the course for an electric motorcycle, though — there are no gears to cycle through, and electric motor torque is usually much higher at low RPM. The highest top speed for a production Harley-Davidson bike also goes to the FXDR 114, which tops out at a respectable 160 mph, according to Peterson’s Harley-Davidson. As far as the Livewire ONE’s 110 mph top speed, that’s par for the course for Harley-Davidson, with most everything except for the FXDR 114.

Continue Reading

Cars

The Most Luxurious Features Of Mariah Carey’s 1.8 Million Dollar RV

Published

on

Upon entering you are immediately met by a makeup station with an oversized mirror ringed by “true” makeup lights. On the opposite wall behind the seat is an offset television so the Queen of Christmas can watch her favorite program (through the mirror) while getting properly primped. Dark wood lines the floors, top and bottom (via HotCars). 

This segues into a lounge with a curvy 15-foot custom couch ($7,000) and a 65″ Samsung 9000 connected to a Genelec studio-grade 5.1 surround sound system. The left side slides out 35 feet while the right slides out 25 feet to create a 600-square-foot space for her entourage.

The full gourmet kitchen includes a convection microwave, two-burner induction stove top, Sub-Zero hideaway fridge, and a $4,000 LeveLuk SD501 Platinum Kangen water system. Granite stairs lead from the kitchen to a second floor, where the roof pop-ups via hydraulics to reveal what designer RJ Anderson calls a “skyscraper on wheels” (per Daily Mail via AOL Celebrity Motor Homes).

Huge windows run down each side of the bus providing a nearly 360-degree uninterrupted panoramic view, while a 35-foot wrap-around couch seats 30 people. Not only can the lights be dimmed, but it comes with a color wheel that can turn the area into a proverbial nightclub. Big 60-inch televisions on either end of the room round out the entertainment area (via AOL Celebrity Motor Homes).

Anderson Mobile Estates also operates the 7744 Ranch, a resort outside Austin, Texas, where anyone can book a stay in a previously-owned-by-a-celebrity motor home. One of the five listed is “The Lounge.” However, a promotional video not only says it once belonged to Jennifer Lopez (not Mariah Carey) but looks precisely like Mariah Carey’s from the 2005 “Access Hollywood” segment. 

Now, all we really want for Christmas is some clarification in this great camper caper.

Continue Reading

Trending