Telus slashing 6,000 jobs in order to remain competitive

Thousands of jobs are on the chopping block at Telus as the telecommunications giant restructures its business.

According to news outlets, including CBC News, the company plans to cut approximately 6,000 jobs. 4,000 roles will be eliminated at Telus’ main business, with the remaining 2,000 affecting Telus International.

President and CEO Darren Entwistle claimed that the reduction is being made with “a very heavy heart” and was prompted by the “evolving regulatory, competitive, and macroeconomic environment.”

“Against the backdrop of rapid transformation in our industry and the ways in which our customers want to engage with us, today we are announcing a significant investment in an extensive efficiency and effectiveness initiative across Telus,” Entwistle said in a news release obtained by CBC News.

He added that the company will offer early retirement and voluntary severance packages — similar to what it did in May.

At the end of 2022, Telus employed a total workforce of more than 108,000 people, according to financial markets data firm Refinitiv.