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Telstra to Cut 200 Jobs Amid $700M AI Venture

2/10/2026

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Story summary
  • Telstra Corporation Limited plans to cut over 200 jobs as it starts a $700 million joint venture with Accenture to implement AI capabilities.
  • Some roles may move to India as the venture seeks efficiency.
  • A Telstra spokesperson said affected employees would receive job placement or retrenchment benefits.
  • Analysts say cost pressures amid flat revenues drive the changes and risk local expertise and operational control.