Telstra CEO Vicki Brady
Business

The first big AI-led jobs cull is here, with Telstra shedding 2,800 workers in $350m cost cutting plan

- May 22, 2024 3 MIN READ

Up to 2,800 Telstra workers will be retrenched by year’s end, with Australia’s largest telecommunications carrier announcing plans to pare its workforce in an AI-driven “reset” of its enterprise arm including an overhaul of its Telstra Purple services business. The package of reforms is designed to contribute to $350 million in cost savings as the… Read more »

People

Finder Australia CEO Chris Ellis is leaving the building

- March 26, 2024 2 MIN READ

When Finder shed around 60 roles last month – 17% of its workforce – turns out one of them was the comparison site’s Australia CEO, Chris Ellis. SmartCompany’s Tegan Jones revealed Ellis was among the company’s cost savings, pointing out he’s disappeared from Finder’s leadership page and will leave the business at the end of… Read more »

Old unemployment queue
Workplace

What you need to know as a startup leader about dealing with redundancies

- July 14, 2023 4 MIN READ

Most of Australia’s startup founders launch their businesses with the best of intentions, but the past year has been challenging with consistent and widespread redundancies. It’s understandable that signs the VC funding market might be starting to thaw would inspire hope that the worst of the tech wreck is over. However, we think founders should… Read more »

Airtasker CEO Tim Fung
ASX

Jobs marketplace Airtasker cuts staffing by 20%, shedding 45 jobs in push to turn cashflow around

- April 28, 2023 2 MIN READ

ASX-listed jobs marketplace Airtasker is the latest tech company to swing the scythe through its workforce, cutting 45 jobs – around 20% of its overall headcount – as part of a drive to become cashflow positive in the 2024 financial year. The redundancies are primarily in non-revenue generating functions the company (ASX: ART) said, releasing… Read more »

Atlassian Scott Farquhar
Business

Atlassian cuts 500 jobs in a ‘rebalance’

- March 7, 2023 3 MIN READ

Workplace software giant Atlassian is cutting around 5% of its workforce – 500 staff – with co-CEOs Scott Farquhar and Mike Cannon-Brookes say they “are deeply sorry”. The job losses comes just four months after Farquhar embarked on a high-profile national tour last October to recruit more than 1000 people for new R&D roles. In… Read more »

Baraja
Business

Self-driving tech startup Baraja just shed 75% of its workforce

- February 13, 2023 2 MIN READ

Sydney autonomous driving technology startup Baraja has sacked around 75% of its workforce. The layoffs come just a month after the business received an undisclosed level of investment from Swedish automotive safety company Veoneer, which Baraja CEO and cofounder Federico Collarte said “validates the market traction” of the business. Baraja was founded in 2015 by… Read more »