"In the future our workforce will be smaller, knowledge-based one with a structure and way of working that is agile enough to deal with rapid change", Mr Penn said.
Mr Penn said while roles would no longer be required, he was hopeful new positions might be created.
"We understand the impact this will have on our employees and once we make decisions on specific changes, we are committed to talking to impacted staff first and ensuring we support them through this period".
Telstra's future post-NBN will be heavily reliant on its ability to maintain its leadership in mobile telecommunications and transfer its dominance into the 5G, "internet-of-things, " environment looming within the time-horizon of the "Telstra2022" strategy.
In May, Telstra warned that its 2017/18 earnings will likely be at the bottom of its guidance range of $10.1 billion to $10.6 billion, blaming increasing competition in mobile and fixed broadband, and rising costs from the national broadband network.
Migrating all consumer and small business products and plans and 50% of enterprise customers to completely new technology stacks within three years and leaving the legacy behind.
Part of its new strategy will see it create a wholly-owned standalone infrastructure business unit from July 1.
The cuts will have a strong focus on management and executive-type roles initially, with no bias shown toward onshore and offshore jobs or regional and metro roles.
A "radical transformation" of customer plans and pricing is also on the cards, as is the "monetisation" of $2 billion in assets over the next two years "to strengthen the balance sheet".
As reported by Business Insider, the overhaul will save the business a billion dollars.
Telstra has a range of businesses including fixed broadband, mobile, data and IP, network application and services, digital media and worldwide. Its services will be sold to Telstra, wholesale customers and NBN Co.
"The rate and pace of change in our industry is increasingly driven by technological innovation and competition", he said.
In an earlier statement, Mr Penn said the strategy would fundamentally change the nature of telecommunication products and services in Australia.
As an infrastructure play InfraCo would be more highly valued by infrastructure investors than by Telstra investors today.
Telstra, Australia's former telecommunications monopoly, is also planning to split its infrastructure operations, which include data centers and broadband cables, into a separate unit and will drastically slim down the number of products it offers customers.
Mi-2017, Nikki Haley avait appelé à une profonde réforme de l'organe principal du système onusien en matière de droits de l'Homme. Ce n'est pas la première fois que les Etats-Unis vont être absents de ce Conseil.
Mi-2017, Nikki Haley avait appelé à une profonde réforme de l'organe principal du système onusien en matière de droits de l'Homme. Quant à l'organisation de défense des droits de l'homme Human Rights Watch (HRW), elle a vivement critiqué ce nouveau repli .
Neymar had already practiced separately from his teammates on Monday. "Today everyone is better prepared for a World Cup". He had been playing keep-away with a few other players when he started showing signs of discomfort in his ankle.
Les prévisions météorologiques ont annoncé de fortes pluviométries lors de la saison des pluies cette année en Côte d'Ivoire. L'eau est dangereusement montée par endroits au point de pousser des habitants à se réfugier dans des quartiers plus sûrs.
Nonetheless, in a talk show on German television, she stressed that, "If Europe can not do this, Europe is in danger". As interior minister, Seehofer has drawn up a 63-point plan for tackling migration to Germany.
Then, after concluding what she was trying to say, she added: "Again, I apologize for losing it there for a moment. Instead of continuing, she just chose to close out the show and let host Lawrence O'Donnell begin "The Last Word".
The Standard and Poor's 500-stock index was down almost 0.5 per cent and the tech-heavy Nasdaq Composite lost 0.7 per cent. That would leave about $120 billion of imports available for retaliatory tariffs after Saturday's announcement.
Markle also claimed that he discussed politics with his new royal son-in-law, including the United States president and Brexit . Before his heart attack and subsequent surgery, Thomas made headlines after getting caught staging paparazzi photos of himself.
In March, the SPLC was forced to retract an article accusing reporters of enabling white supremacists and anti-Semites. He founded the Quilliam Foundation to prevent other Muslims from being radicalized and to fight Islamophobia.
Sparkling free kick lifts Serbs to opening win
Aleksander Kolarov's impressive free-kick was enough to hand Serbia a 1-0 win over Costa Rica in their 2018 World Cup opener. Costa Rica face an upwards battle to qualify with Brazil and Switzerland to come in Group E following their loss to Serbia .
Love Island’s Charlie & Hayley clash AGAIN
He wrote: " Love island is certainly more entertaining than European Union #brexit preparedness notices, like the one on FLEGT". If we were doing the recoupling again, I would have liked Megan or Georgia to pick me or Rosie.
Top tier NBN orders on the rise
The NBN access network is more than half way built with almost 4 million homes and businesses already connected. The latest monthly snapshot also reveals that some 6.7 million premises are now able to order NBN services.
Russian Federation on brink of last 16 with win over Egypt
Egypt is hoping for an improbable win for Saudi Arabia . "Whether I should stay in my post or not does not only depend on me". It was nearly Salah time in the 56th minute but Kutepov produced a good block. "We did not defend well", he said.