Telus cuts staff to bolster free cash flow

Telus plans to cut 6,000 jobs in a bid to support free cash flow growth and earnings in the coming years, becoming the latest in a growing line of international telcos looking to save cash by shedding staff.
There are a lot of potential drivers behind the Canadian operator’s decision; it references the macroeconomic situation, competitive and regulatory pressures, and digital transformation, among other things, alongside its plan to reduce headcount. But ultimately, it’s about making