* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, May 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

    Cassie Ventura welcomes third child – crossroadstoday.com

    Cassie Ventura Joyfully Welcomes Her Third Child!

    Drew Brees opens Surge Entertainment Center in Metairie hot spot for new businesses – NOLA.com

    Drew Brees Unveils Exciting New Surge Entertainment Center in Metairie!

    Will Gio Stay Or Go On May 27 General Hospital? – Yahoo

    Will Gio Make a Shocking Exit on May 27th’s General Hospital

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    Technology Driving Performance: How Elite MA Plans Leverage Data, Care Coordination, and Advanced Analytics to Thrive Amid CMS’s Rigorous 2025 Standards, Black Book – Newswire.com

    Unlocking Success: How Top MA Plans Harness Data and Analytics to Excel Under CMS’s 2025 Standards

    Arqit acquires Ampliphae’s technology IP, enhancing its global encryption portfolio – GlobeNewswire

    Arqit Boosts Global Encryption Portfolio with Strategic Acquisition of Ampliphae’s Technology IP

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

    Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Weekly Entertainment Report May 29-June 1: Where to find lively arts, music, and shows – Manchester Ink Link

    Aziz Ansari made Keanu Reeves Indian food so he wouldn’t feel ‘freaked out’ directing him in Good Fortune (exclusive) – Entertainment Weekly

    Aziz Ansari Whips Up Indian Cuisine for Keanu Reeves to Ease Directing Jitters in Good Fortune

    Cassie Ventura welcomes third child – crossroadstoday.com

    Cassie Ventura Joyfully Welcomes Her Third Child!

    Drew Brees opens Surge Entertainment Center in Metairie hot spot for new businesses – NOLA.com

    Drew Brees Unveils Exciting New Surge Entertainment Center in Metairie!

    Will Gio Stay Or Go On May 27 General Hospital? – Yahoo

    Will Gio Make a Shocking Exit on May 27th’s General Hospital

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    4Liberty Announces Collaboration with Itron to Drive Innovation in Utility Technology Adoption and Optimization – FinancialContent

    4Liberty Partners with Itron to Revolutionize Utility Technology and Boost Innovation

    Q1 2025 Quantum Technology Investment: What’s Driving the Surge in Quantum Investment? – The Quantum Insider

    Unleashing the Future: Exploring the Surge in Quantum Technology Investments for Q1 2025

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MIT Team Releases Tempting Report on Electric Aircraft Technology – AVweb

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    MSE, DXC Technology expand tech partnership – Sports Business Journal

    Technology Driving Performance: How Elite MA Plans Leverage Data, Care Coordination, and Advanced Analytics to Thrive Amid CMS’s Rigorous 2025 Standards, Black Book – Newswire.com

    Unlocking Success: How Top MA Plans Harness Data and Analytics to Excel Under CMS’s 2025 Standards

    Arqit acquires Ampliphae’s technology IP, enhancing its global encryption portfolio – GlobeNewswire

    Arqit Boosts Global Encryption Portfolio with Strategic Acquisition of Ampliphae’s Technology IP

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Canada’s Telus to shed 6K workers as profits plunge 61%

August 5, 2023
in Technology
Canada’s Telus to shed 6K workers as profits plunge 61%
Share on FacebookShare on Twitter

Canadian telco Telus plans to ditch 6,000 workers across its business — about six percent of its global workforce — after its profits fell 61 percent year over year during the second quarter of 2023.

Telus CEO Darren Entwistle announced the restructuring in the biz’s Q2 earnings release [PDF] on Friday. Some 4,000 positions will be cut at Telus, and 2,000 at Telus International.

The downsizing will include early retirement and voluntary departure incentives. However this is expected to cost the internet and phone provider. “Given the scale of this program, we now expect incremental restructuring investments of up to C$475 million in 2023,” Entwistle said. “The program we are announcing today will yield expected cumulative annual cost savings of more than C$325 million.”

The majority of these savings should be realized within the next six months, according to CFO Doug French, who attributed the Canadian conglomerate’s precipitous quarter to economic headwinds made worse by a “highly competitive environment.”

“While our domestic business continues to demonstrate our execution excellence, our technology-oriented verticals, including TI (Telus International) and TAC (Telus Agriculture and Consumer Goods), are facing near term headwinds from pronounced macroeconomic pressures,” he said.

These pressures hammered the broadband giant’s net income, French explained, which slumped 61 percent to C$196 million ($147 million) in the third quarter, despite gains to the corporation’s communications business, including an 18 percent increase in net mobile phone additions. While Telus’ profits are down, revenues maintained a positive trajectory, growing roughly 13 percent to C$4.9 billion ($3.7 billion).

The telco has, however revised its 2023 outlook, and now expects full-year operating revenues to grow 9.5-11.5 percent to around C$20 billion, down from the 11-14 percent growth it’d previously targeted.

Laid-off 60-year-old Kyndryl exec says he was told IT giant wanted ‘new blood’

BT is ditching workers faster than your internet connection with 55,000 for chop by 2030

Telco giant Vodafone to cut 11,000 staff as part of its turnaround plan

Tech companies cut jobs to chase growth, but watch out for those shareholder returns

Telus is hardly the first telly-phone-and-internet telco to announce layoffs this year. In May, Britain’s BT shared its intention to ax up to 55,000 workers, roughly 42 percent of global workforce, by 2030 in a bid to boost its profits.

“By continuing to build and connect like fury, digitize the way we work and simplify our structure, by the end of the 2020s BT Group will rely on a much smaller workforce and a significantly reduced cost base,” BT CEO Philip Jansen said at the time.

That same month, Vodafone said it planned to drop 11,000 workers over the next three years in a move it said would improve operations and put a greater emphasis on customers. ®

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Register – https://go.theregister.com/feed/www.theregister.com/2023/08/04/telus_redundancies_profits/

Tags: Canada'stechnologyTelus
Previous Post

Two US Navy sailors charged with giving Chinese spies secret military info

Next Post

Google offers to alert netizens when their personal info shows up in Search

Even birds can’t out-fly climate change – Phys.org

Even birds can’t out-fly climate change – Phys.org

May 30, 2025
Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

May 30, 2025
Newly discovered ‘ghost’ lineage linked to ancient mystery population in Tibet, DNA study finds – Live Science

Unveiling the Secrets of Tibet: A Fascinating ‘Ghost’ Lineage Revealed by DNA Study

May 30, 2025
‘Wicked,’ gardening and Amy Sedaris: 7 events this week – Albuquerque Journal

‘Wicked,’ gardening and Amy Sedaris: 7 events this week – Albuquerque Journal

May 30, 2025
Yankees have a busload of momentum heading into World Series rematch against Dodgers – AP News

Yankees have a busload of momentum heading into World Series rematch against Dodgers – AP News

May 30, 2025
Economists blame Trump tariffs, AI explosion for threatening global economy – theregister.com

How Trump’s Tariffs and the AI Boom Are Shaking Up the Global Economy

May 30, 2025
Allied Gaming & Entertainment Receives Expected Nasdaq Notice Regarding Delayed Quarterly Report – Business Wire

Allied Gaming & Entertainment Faces Nasdaq Notice Over Delayed Quarterly Report

May 30, 2025
UMC Health System, Texas Tech HSC to honor endowed chairs, professors – Lubbock Avalanche-Journal

Celebrating Excellence: UMC Health System and Texas Tech HSC Honor Distinguished Professors and Endowed Chairs

May 30, 2025
Paris on Politics: Israel-Gaza conflict gets personal in Chicago’s City Council – FOX 32 Chicago

Paris on Politics: Israel-Gaza conflict gets personal in Chicago’s City Council – FOX 32 Chicago

May 30, 2025
Anduril and Meta Team Up to Transform XR for the American Military – Anduril

Revolutionizing Military Training: Anduril and Meta Join Forces to Enhance XR Technology

May 30, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (651)
  • Economy (664)
  • Entertainment (21,571)
  • General (15,248)
  • Health (9,706)
  • Lifestyle (666)
  • News (22,149)
  • People (666)
  • Politics (672)
  • Science (15,886)
  • Sports (21,170)
  • Technology (15,651)
  • World (652)

Recent News

Even birds can’t out-fly climate change – Phys.org

Even birds can’t out-fly climate change – Phys.org

May 30, 2025
Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

Opinion | How China’s maritime strategy is swapping force for research diplomacy – South China Morning Post

May 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version