Telus to lay off 6,000 workers as net income drops 61%

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Telus to lay off 6,000 workers as net income drops 61%
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Telus says it will lay off 6,000, including 4,000 workers at its main Telus business and another 2,000 at Telus International. Read more.

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The cuts were made with “a very heavy heart” and prompted by the “evolving regulatory, competitive and macroeconomic environment,” Darren Entwistle, the company’s chief executive, said.“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,” he said in a news release.

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