Feeds

Optus to shed around 700 staff

Restructure rears its ugly head

High performance access to file storage

Optus is poised to shed up to 700 jobs as part of a company wide restructure, according to reports. Optus officials confirmed that there would be job erosion but would not confirm the number, claiming the figure of 700 was “pure speculation.”

"Over the past few months we have been undertaking a review of our business aimed at creating a stronger organisation with a clearer focus on the customer," a spokesperson said.

"Redundancies are likely to result from this review, however we are still working through the detail and are not in a position to comment on how many people are likely to be affected at this stage."

Earlier this month, parent company Singtel revealed that it would embark on a global restructure, shifting the business into three core customer focussed units rather based on geography.

The new structure is set to take effect on April 1.

The new units include one for consumers, another for enterprise IT and a third new unit branded Digital L!fe. SingTel flagged at the time of the announcement that it would be "leveraging scale" across the group's operations in order to optimise its use of resources across different markets and save costs- which usually equates to significant job cuts. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.