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.
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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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