Telstra has announced plans to slash 8,000 jobs, including one in four executive and middle management roles, in a major cost-cutting overhaul.
The embattled telco said on Wednesday it is targeting a further $1 billion in cost cuts by 2022, taking the total cost reduction to $2.5 billion.
Government and opposition figures have responded to the news, with Treasurer Scott Morrison saying it will be an "anxious time" for Telstra workers.
