"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.
Impressive Barty storms into Nottingham final
She was broken in the next game to give Barty a 6-3 3-6 6-4 win and did not shake the umpire's hand at the end. Konta didn't let the improvement of her opponent phase her answering with a shutout in the second game.
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.
Kawhi Leonard is one of several high profile National Basketball Association stars that could be on the move this summer. To recall, Parker wasn't convinced that Leonard's quad injury required the latter to miss too many games.
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 .
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".
Although shares of some tariff-sensitive companies fell on Wall Street, the stock market overall fell only modestly. But at least initially, Trump's new China tariffs will not cover the full $50 billion that Trump announced Friday.
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.
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.
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.
Everything Is Love was revealed following The Carters' final On The Run II UK tour performance at London Stadium, London. As of this morning, Everything Is Love is available to stream on both Spotify and Apple Music .
Rats shred bank notes inside India ATM
On May 19th, a Guwahati-based company, FIS: Global Business Solutions, had deposited Rs 29.48 lakh in the ATM at Tinsukia. An FIR has been registered in the case and the police are investigating why the ATM was shut for nearly a month.
Neymar hobbles out of Brazil World Cup training
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.
Free Fall available for France after red card rescinded
Fall is the 12th French player to be red-carded off in a test match and the second to be red-carded against the All Blacks. Ben Smith says high ball contests, like the one that saw Fall sent off, have such a small margin of error.