Telus Corp. says it is cutting 6,000 jobs.

The Vancouver-based telecommunications company said the reduction announced Friday includes 4,000 workers at its main Telus business and another 2,000 at Telus International.

The cuts were made with B次元官网网址渁 very heavy heartB次元官网网址� and prompted by the B次元官网网址渆volving regulatory, competitive and macroeconomic environment,B次元官网网址� Darren Entwistle, the companyB次元官网网址檚 president and chief executive, said.

B次元官网网址淎gainst 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,B次元官网网址� he said in a news release.

He added that Telus will also offer early retirement and voluntary departure packages.

The company had 108,500 workers at the end of last year, financial markets data firm Refinitiv said.

TelusB次元官网网址� plans to reduce its workforce were announced at the same time as the company revealed its second-quarter net income fell almost 61 per cent from the same period last year to $196 million.

The companyB次元官网网址檚 net income amounted to 14 cents per share for the quarter ended June 30 compared with 34 cents per share in the same quarter a year earlier.

Yet Entwistle positioned the companyB次元官网网址檚 strategy of building out broadband networks, digitizing operations and streamlining costs as B次元官网网址渨inning.B次元官网网址�

B次元官网网址淥ur resilience and ability to embrace change and continuously evolve the way we operate are cornerstones of our Telus culture and will continue to fuel our future success,B次元官网网址� he said.

His cut comes as telecommunications businesses are striving to streamline their operations as they grapple with regulatory action amid soaring interest rates and stubbornly high inflation.

Fellow telecommunications giant BCE Inc. said in mid-June that it would slash 1,300 positions, including six per cent of its media arm. It blamed the job cuts on a challenging public policy and regulatory environment, raising specific concerns about Bill C-11, the Online Streaming Act, and Bill C-18, the Online B次元官网网址 Act.

The Online Streaming Act aims to regulate streaming platforms like Netflix and Disney+ and require them to contribute to the creation and promotion of Canadian content.

The Online B次元官网网址 Act, which passed this year, forced Google and Meta to pay news publishers for content they link to on their platforms.

Like Telus and Bell, Rogers Communications Inc. has also taken a closer look at its workforce in recent months.

It told staff in a memo last month that it would offer voluntary departure packages as it worked to eliminate duplication in its businesses following the closure of its deal to buy Shaw Communications Inc.

When the memo was sent, the company did not say how many employees would be affected by the voluntary departure program, but confirmed B次元官网网址渁 small percentageB次元官网网址� left involuntarily since the combination with Shaw.

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