Telstra Reports Billion-Dollar Profit Amidst Workforce Reduction

Telstra reported over $1 billion profit for the first half of 2026, but also cut over 2,300 jobs. Find out why this happened and what it means for customers and employees.

#TelstraProfit, #JobCutsAustralia, #TelecomNews, #AIFuture, #AustralianBusiness

https://newsletter.tf/telstra-profit-over-1-billion-early-2026-job-cuts/

Telstra made $1.2 billion profit in the first half of 2026, an 8.1% increase. This comes after cutting 2,356 jobs in 2025.

#TelstraProfit, #JobCutsAustralia, #TelecomNews, #AIFuture, #AustralianBusiness

https://newsletter.tf/telstra-profit-over-1-billion-early-2026-job-cuts/

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Coles and Woolworths are buying up large independent grocers to safeguard their market dominance, claims IGA. This strategy blocks smaller retailers from growing into competitive alternatives, according to recent inquiry findings.

#coles #woolworths #iga #supermarkets #australiagrocery #retail #competition #smallbusiness #australianbusiness #marketdominance

https://www.theguardian.com/australia-news/2024/nov/14/supermarkets-inquiry-coles-woolworths-buy-independents-dominance

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