Telus announces 6,000-person layoff after Q2 saw 61% drop in net income
Telus announces 6,000-person layoff after Q2 saw 61% drop in net income
www.bnnbloomberg.ca Telus announces 6,000-person layoff after Q2 saw 61% drop in net income - BNN Bloomberg
Telus Corp. announced Friday it is cutting 6,000 jobs as it seeks to adapt to a "rapidly transforming industry," saying issues such as regulation and competition have prompted the need to reduce its payroll.
Plans to reduce its workforce were announced at the same time as the company revealed its second-quarter net income fell almost 61 per cent from the same period last year to $196 million.
The company's net income amounted to 14 cents per share for the quarter ended June 30 compared with 34 cents per share in the same quarter a year earlier
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