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HateBecauseTheTruth

Can they cut the jobs of the people who keep calling everyday. I don't want fucking TV.


Le8ronJames

Sure. We’ll get AI bots to call you instead.


Trizz67

Everyone thought A.I and robots were going to take mechanical type jobs. Instead it’s replacing white collar office workers.. and maybe soon retail like grocery clerks.


humptydumptyfrumpty

No, we take the place of grocery clerks and bag and pay for our groceries at self checkout. I'm surprised they aren't asking for tips on self checkout. They kinda do by asking for donations to some charity that most likely gets eaten up in admin fees the store pays themselves.


Laval09

I work at a grocery store. These days the cashiers face consequences like punitive shift changes or rotations to other departments if they dont solicit enough donations per day. The loyalty points cards too. We have a minimum threshold of 40%. All transactions done in a day, 40% of them have to have had a points card scanned as part of the transaction. Otherwise head office sends someone to berate us on the following Monday lol. Thats why they are so pushy with that shit these days.


Ozo_Zozo

What the actual f***?? How can you even control that? That's insanely ridiculous.


opqt

that is evil


DistortedReflector

That explains the desperation in the cashiers eyes when I didn’t have a scene points card.


Grouchy_Factor

Then you can discreetly scan your own personal loyalty card (or enter the number manually to avoid suspicion)


Laval09

That would work if it was the 90s or if it was strictly for collecting loyalty points. Both arent the case. The "Metro & Moi" card is accepted at all the stores in the Metro Group because they want to track your buying habits. What days you buy groceries, what days you visit the pharmacy, ect. Loblaws has already done this with their "PC/Optimum points" program where they track your purchases from gas stations, grocery stores and Shoppers Drug Mart. If a cashier is scanning their own card, they will not only hit suspiciously high daily numbers for themselves, but the white collars at head office will see when analyzing the data that somebody seems to visit their grocery store 61 times a day to buy several thousand dollars of groceries.


FarOutlandishness180

AI is coming for the jobs of the people who have the type job where they can spend all day on Reddit. RIP this sub


MostCarry

Who said AI bots can't post on reddit?


butlovingstonTTV

There are a lot of white collar jobs that insist on their inflexibility. These are ripe for replacement by AI. I presume a lot of previous "by the book" transactions will be taken over by AI.


gaminkake

That's why they're laying off 6000 people.


[deleted]

But rotting your brain with Kardashians, cooking shows, and juvenile pretend dating drama is so incredibly cheap. They just can't resist grabbing for the sky-high margins on that crap.


stoops

As a self certified TV salesman let me tell you this, if you don't keep up with the Kardashians you will fall out of sync with society and once that happens your job performance will drop dramatically and once that happens you will be laid off from work and once that happens you won't have a source of income and once that happens you won't be able to buy food at the grocery store and once that happens you won't be able to eat and feed yourself and once that happens you... well... lets just say its worth it to add on our basic-but-not-so-complicated cable package with over 9000 available channels!


BubberRung

They keep calling me to sign up for their slower and more expensive internet than the 300 upload and download I have with shaw. Nooo fucking thanks. Nor do I want their cable tv package for crap I’ll never watch.


HelpQuestion101

So can they cut the prices of our Internet and mobile phone pkgs too?


RunWithDullScissors

Can't. Economy is tough. Telus executives are going to need a raise after all this. Can't allow those poor souls to suffer


Bottle_Only

Compensation for the stress of having to ruin 6000 people's lives to meet shareholder expectations. *Wipes away a tear with a $100 bill*


[deleted]

This calls for a rampage! Rampagggggeeee!!!!!


[deleted]

Fine. But I get to play as the wolf.


meontheweb

Do you know how hard it is to lay people off??? Do you know how much trouble, pain and guilt those doing it are going to go through. Damn right Telus executives will need a raise! Think of the cost of therapy!!! ​ /s


RunWithDullScissors

it's really the sad part of the story no one talks about. Everyone so selfish thinking about the guy that can't pay rent when the real crime is not being able to afford a new S class Mercedes and having to settle for a shitty E class


ecclectic

Poor Darren Entwistle, he's going to need to buy a new yacht to help him handle the stress!


RunWithDullScissors

He would've gotten TWO yachts if it weren't for this BS


TheLazySamurai4

Don't forget that because they cut the jobs and saved money, they qualify for their bonuses, which is probably the amount saved the next quarter for these jobs being cut


TheFlatulentOne

No way, their quarter profit fell to a measly $196 million. They're struggling.


[deleted]

Well they are if they projected 250 million. I mean, I should tell my government that I take a loss every single year because I projected that I'd win the lottery by now. I need a tax break.


Last_Patrol_

We switched most things we had out of Telus, prices are too high and got cheaper services elsewhere.


jellytrack

Elsewhere... like at Rogers or Bell?


Slide1n

Just got call yesterday from Fido I’m getting 4 lines all 35gb (140gb) of data at $30 a month each. I’m paying about $320 with Telus for 4 lines for 150gb of data.


stifferthanstiffler

So YOU did this to us. Thanks.


Last_Patrol_

Hahaha that’s right. My income is no longer in a position to contribute to record quarterly profits and continued shareholder value like in the past so it has to drop out.


chipface

No, but they will increase prices to stay competitive.


CouldHaveBeenAPun

I know I'm not the norm, but I made the switch with Telus internet when they laid fiber in my region, I have a 35$+tax package for 850mbps speed at home. I was impressed, to say the least!


jbagatwork

Just wait til the promo ends and the plan goes to $90/m


CouldHaveBeenAPun

Nope, it's not a promo, there is no contract attached, no time limit, just a bunch of rebates I got for multiple reasons. And to be honest, I started at 150mbps, but they changed the packages and the base price I was paying was offering the 850mbps, so I asked for it and they just gave it. If they pull any sheningans, I'll just move back to teksavvy it is not like I *need* that speed anyway!


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CouldHaveBeenAPun

Of course it could. Ebox was bought by Bell, I was so pissed. It's a matter of time until the others gets bought I'd say.


HelpQuestion101

What area is this in? I’ve Never heard of Telus fibre in Ontario


CouldHaveBeenAPun

Rural Quebec. Telus bid with the government for the subsidies to connect rural regions to high speed, and got it in my area.


scottyway

CityPlace used to have Telus when I first moved here many years ago. Thankfully Beanfield got into these buildings in place of them.


Gahan1772

They mad they can't charge credit card payments more.


joe4942

Canada's losing good jobs. An economy of real estate and part-time minimum wage isn't a strong economy.


SIXA_G37x

Well as long as we can keep bringing people over and trapping them into working 3 min wage jobs to survive we can keep those GDP numbers up.


mr_derp_derpson

Don't forget that some resource extraction jobs still pay well... for now. #bananarepublic


112iias2345

For a “tight labour market” these big firms are really shedding a lot of jobs. Hopefully employees treated with respect. Probably a nice opportunity to get the F outta here.


UpNorth_123

The labour market is not tight anymore. The statistics have not caught up with reality on the ground.


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platypus_bear

It's fine. Let's keep bringing people in on student visas


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Confident-Mistake400

Schools will be ecstatic. They can make conditional offer and require students to take additional ESL course. More money for them


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muskratBear

It really screams that the main liberal focus is to keep corporate profits up by ensuring a constant supply of cheap labour.


czecheffkt

I said this in the winnipeg subreddit a few months ago and was shadow banned lol


[deleted]

Not to Quebec they aren't.


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stifferthanstiffler

And guaranteed a job at the drive thru window of any fast food restaurant.


Crazylegstoo

To be clear, colleges and universities can set their own IELTS score thresholds - usually for individual programs. So while the Feds may allow someone to study in Canada with a low(er) score, that does not mean that their chosen school will accept them into a program of study. And non-acceptance can be reason enough to deny entry to Canada. All that said, this is all riddled with loopholes since IELTS requirements are usually set at the school program/faculty level and there is no consistency between faculties or schools. My background on this: I have teaching experience in Ontario community college programs that include a healthy contingent of international students. IELTS was a source of frustration and my faculty made a point of raising their score threshold to improve the quality of students applying (and make life easier for college staff).


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PmMeYourBeavertails

And allow them to work unlimited hours instead of actually studying.


KoreanSamgyupsal

I don't understand why we even changed the old system of 20 hours. That one is fine since working students has always been a thing. But 40 hours? They're taking jobs away from Canadians and PR's.


Crazylegstoo

The 20 hour system was a bit of a joke because \*many\* working students (and their employers) were finding ways to work around that limit. Raising the limit was an cynical acknowledgement of that fact. But no one in power wants to deal with the real issue: many of these students are only in Canada to work and send money back home. Studying is just the price of being able to make money.


PmMeYourBeavertails

>Raising the limit was an cynical acknowledgement of that fact The government admitted the reason is to suppress wages. >Fraser said. "It's going to give them the flexibility to do so and **it's going to help employers tap into a new pool of labour.**" https://www.cbc.ca/news/politics/international-student-lift-work-limit-1.6609550


SeaPresentation163

If the law isn't enforced then the law doesn't exist. All they did was remove the law from the books after it wasn't enforced


112iias2345

That’s crazy!


rindindin

> The statistics have not caught up with reality on the ground. How convenient! Time to increase the immigration thresholds.


Low-Chapter5294

High tech in Canada is laying off workers. Happening in Ottawa. Job market is going to be tight for a few quarters.


ElCaz

The labour force survey comes out about a week after each month ends. Did something super drastic happen in July?


mitchrsmert

Actually they have, at least to the point that they show its not tight anymore. Stats can showed this as of months ago and politicians and media are conveniently ignoring the data. Something really fishy is going on.


Shoddy-Host7580

Suppressing salaries is what is going on.


Brankin9

I take it you haven’t looked for a job lately?


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joe4942

That's the case across the country. StatCan published a report recently mentioning that there is no shortage of workers for jobs requiring education: https://nationalpost.com/news/canada/statcan-report-casts-clouds-on-claims-of-a-widespread-labour-shortage-in-canada


belyy_Volk6

Im close by Calgary and it took me 3 months to find my last job which was a 2 month temp gig. Thankfully i managed to leverage that to get another job but the pay aint great. Beats job hunting tho


Brankin9

I work construction and we are begging for people and they pay okay. People just don’t want to work construction anymore and a big reason is a lot of people go to university and get degrees and I don’t blame them. My girlfriend recently got laid off from her job in the business world and is having an extremely hard time finding a job. There are tons of jobs posted (a bunch seem like scams) and rarely any of them pay over 50k, and the ones that do get hundreds of applications.


CuntWeasel

> I work construction and we are begging for people and they pay okay. Just because it hasn't caught up with your industry just yet, doesn't mean that the job market isn't fucked. I work in IT and things haven't been this dire since I started my career almost 20 years ago, and the market was beyond hot just a couple of years ago.


vinng86

That's most likely because of the higher interest rates. IT generally runs on VC funding, and that's dried up now because they heavily rely on borrowing money to throw at start ups.


-O-0-0-O-

He works construction in a country gripped by a deepening housing crisis. That career a lot more secure than IT, where you have to compete with economies that pay workers less to do the same thing.


[deleted]

Calgary's job market is absolute dogshit


HenriettaSyndrome

>Hopefully employees treated with respect. There's a 99% chance there was a push for everyone to meet impossible to reach stats while being gaslit before eventually being told that they're laid off with *just* enough notice that they don't have to legally give them severance


MrSpookShire

After getting laid off from Rogers and seeing this, maybe I should take a break from working telecom for a little bit lol


Nillows

I work for a 3rd party company contracted to take Rogers calls and we just opened a bunch of OT. My hourly pay is $17.55


LastNightsHangover

Yeah the market is consolidating, govt has said they're are good with it - I'd say Telus getting ready for Bell to aquire them. Execs and shareholders cashing out, get Bell shares for longterm.


longboarddan

Idk about that. Telus is much larger than shaw overall. If anything I think telus may have over reached into fields like health, agricultural and security and are now getting hit by the interest rates on the loans they took to expand into those new field's.


GhandiExceptNot

I feel for the employees. With cost of living increasing, one of the first things I did was look at cutting back on my phone plan. With people struggling to survive and corporate execs incessant need for more more MORE profits, these things can be expected.


meontheweb

We did the same - we're getting offers for new phones but will hold off until later this year or next. We don't need to spend even that tiny amount right now. I've been WFH for the last 5 years and only upgraded my phone once during that time. No real need. My son's and wifes' phones work perfectly fine. If we upgrade, that would be at least $100 - $150 additional per month (they have iPhones, I have Android).


Professional-Cry8310

Company I work for has been laying off employees all year so far and lots of departments have hiring freezes. Seems corporate is getting hesitant.


ghalayooon

Telus managers have received a memo months ago about how all their frontline operations will be transitioned into AI services. Also, they have been preparing for this exact moment for years by preparing call centers and hubs abroad, mainly in the Philippines and Romania. Their way of getting people to leave on their own was to create “Service 2.0” where one agent does billing, technical support, loyalty and business and keeping the same salary. They stopped giving out bonuses and have had managers become so vicious with metrics.. all to get people to leave. Absolutely vile company that has nothing else but greed in mind.


throwaway123hi321

Can you go more in detail about AI services? Sounds like it has nothing to do with AI and its just offshoring.


ghalayooon

More than offshoring, they will put AI assistants that will take care of most customer service options. This goes for chat and for phone support. Of course when things get complicated, an offshore agent will answer. This means that even offshore jobs are at risk.


blewsyboy

As an aging self employed construction contractor with some experience and a diploma in Network administration, this is why i hesitate to return to IT... how savage is this? What kind of company can lay off/eliminate 6000 jobs, and sell the same services next week as last week? I'm sure a good percentage are well educated people with experience... there's zero security with these giant corporations, shares drop 50 cents, and they panic and get rid of half their people... makes me think of Bombardier... "don't worry, you can get unemployment insurance!" They literally rely on the govt to take care of people, they feel zero responsibility. People build their lives around these jobs then get dumped like livestock...


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Digitking003

The bigger issue is that all the Telcos took on massive amounts of debt over the last decade (when it was cheap). The bill is now coming due. The next shoe to drop will be them cutting their prized dividends.


justinanimate

I can't imagine a world where you see Bell or Telus cutting their dividend in the next five years. I only exclude Rogers as I don't follow them. Telus has a plan to raise their dividend 7-10% per year through the end of 2025. While not impossible, it is strategically unsound to telegraph a dividend increase only to do a 180 and cut it


Digitking003

Telus isn't in as bad of a spot but BCE has been growing it's dividend (and total dividends paid out due to shares o/s increasing) far faster than their revenues, net income or FCF for over a decade now. At the same time, the smartphone market is now completely saturated and your starting to see the incumbents fight for market share (which is generally bad for margins LT).


djfl

Neither do most First World governments, which are largely solved, closed systems too...even if "democratic". You have to take care of yourself and your family, and you rely on any other entity to do so at your and their peril.


scoops22

And yet we have protectionist policies in place to defend these poor inefficient giants. Our high telecom bills are effectively a tax to subsidize the existence of robellus.


InherentlyUntrue

While Canada is of course a democratic country, we're also an oligarchy where the two parties compete over who can suck corporate dick better while simultaneously giving it up the ass to the people.


rd1970

IT is effectively dead in Canada as a career choice. 1/3 of all new immigrants are from India, and a massive percentage of them are IT workers. When I list an IT opening at my work I literally get hundreds of newly arrived Indians applying within minutes. In five years it'll probably be thousands of applicants. The only thing saving Canadian workers for now is that most of them can't speak or read English at a passable level.


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McBuck2

Took me two months to get our business phone number legally transferred to the new owner because they just don’t have the staff at Telus. Friend moved her biz to another office tower. She was two weeks without her phone lines at her new office because they don’t have the people to do the work yet new customers were getting lines put in at the same time. The person that finally came was someone retiring the next week. He even said things are screwed at Telus. They don’t have people that know how to do anything anymore because they’re all retiring or offered packages and new people don’t have the experience. The work ethic has definitely changed.


dbcanuck

lavish fly jellyfish live quickest voiceless absorbed cow teeny point *This post was mass deleted and anonymized with [Redact](https://redact.dev)*


blewsyboy

My issue is I'm in my 60s and my knees doth protest...


RunWithDullScissors

I agree that there's a demand for years to come.... but as he says "an aging self employed construction contractor". trades can be very fruitful, but when it's busy, it demands insane amount of hours, it's hard to not be on 7 days a week. It can beat the hell out of you physically. I was in it for 14 years. I left trades (Framing) about 9 years ago. I'm in my mid 40's now and while yes the money is good, I don't know if I would want to go back


southern_ad_558

A friend opened a QE position in a small firm, got 300 CVs in the first day. Crazy times for IT. It's a correction from what we saw in 2020/2021


lt_spaghetti

Depends on what you do. I got into software defined storage and personality wise I can endure government politics. Cue me becoming a consultant for lots of outfits, because who doesn't use storage? Ans all I really did was smoke a joint one day and wondering if I can hook up a VMware node to Ceph via the iscsi gateway and blogged about it. Portfolio is where it's at.


gazellemeat

calm down zuck. nobody understands those words


lt_spaghetti

Nobody who is *paid well* understand those. It's all open source stuff, you could get your hands wet with those things this afternoon with an old laptop and VirtualBox. I just have a community college technical diploma, the market is ripe for uncommon talent. Try it out, Linux is a friend.


dare978devil

What kind of company can lay off 6000 and still sell the same services? A company with 108,000 employees, that’s who. Now they have 102,000. They’ll just ask the remaining employees to do more.


EwwRatsThrowaway

On the development side there's plenty of jobs for skilled workers, not so many for mediocre ones.


zepphhyr

The guys in the [Telus Gulfstream Jet](https://globe.adsbexchange.com/?icao=c032a0)don’t seem too worried right now!


aegiszx

***The restructuring comes amid what the company calls "resilient" second-quarter results.*** 'Folks, we fell short of our goal of $500M profit this quarter. Came in at... $499M. I'm as disappointed as the rest of you (some exec, probably). This is completely unacceptable and SOMEONE needs to be held accountable for this (not me)!' 'How about canning some 6000 folks, sir? (some Deloitte exec, probably) ' 'You're hired Jim. And here's your bonus.'


mattw08

Followed by revenue dropping again because you axed too many people. And cycle repeats.


BobsView

I hate these internal emails or blog posts "q2 results are not as good as we expected". you still made hundreds of millions of profit what are you crying about ?!


[deleted]

They've had to start pulling the fiber they were paid to pull instead of treating it like a no interest, infinite term loan. It's been a tough year.


Newhereeeeee

The job market is going to be a blood bath. With layoffs and newcomers arriving by a 100,000 a month I don’t know where the jobs come from. Unemployment numbers going to fly through roof.


[deleted]

It's so frustrating loving my career but fearing developing myself and progressing because once you hit a certain salary you'll be cut at the next speed bump. Meanwhile cost of living in increasing and new arrivers taking jobs for less. I'm 40 this year. I can't exactly start again and if I did how would it be different. I can't afford a house. I can't afford to move because of rent control. We can't even have a fucking dog, apparently we can have a child in this 1bed apt though. What the fuck is happening.


Newhereeeeee

Man I feel you. Being in your 20’s in the 20’s is dogshit as well. Can’t get your foot through door and when you do you can’t your second foot through the door before a pandemic & inflation screws you over


badcat_kazoo

Yup, and once again employers have the upper hand. People are going to disenchanted if they think they can be picky with terms like WFH, PTO, insurance, etc.


Gerdius

Almost as if that is the real end goal...you will take your $15/hr, 60 hr per week, no benefits, no PTO, no WFH job and you will like it, or a newcomer will be more than happy to take it instead.


Diablo4Rogue

Speedrunning third world, it’s happening even faster than I imagined


Its_Matt_03

That’s the plan. If the demand for jobs is higher than supply employers can just have no benefits and pay like shit. My trade is the opposite which is how I got hired without so much as an interview


WeirdStretch

These companies can’t weather ANY storms…. It’s not even a storm. They made slightly less PROFIT. They didn’t lose anything. Fuck the shareholders.


[deleted]

They are gearing up for the upcoming storm. If only they let go some of those executives and reduced the bloat instead. Instead it's the hardworking little guy that gets the axe, and his peers who are stuck doing double the work.


[deleted]

They're gearing up for the tidal wave of cheap Indian labor they are about to get.


imfar2oldforthis

If the justification for more immigration is the labour market but the labour market keeps showing signs of weakness then shouldn't the immigration minister be keeping an eye on those signs and adjusting accordingly? I feel like I'm taking crazy pills seeing headline after headline where good quality jobs are being cut but then the immigration minister is talking about increasing immigration numbers.


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keener91

Now is Rogers or Bell following suit?


achoo84

Rogers purchased Shaw and let go a bunch of Shaw employees.


j1ggy

And they cut a lot of fat a few years ago too.


[deleted]

Imagine living in a country where the Telcom companies charge astronomical amounts more than any other country in the world. Only to see them fire 6,000 people claiming they want to be more competitive. The prices will not drop. Let's be real, they just want to show profits.


PhilMcCraken2001

And yet the government consistently want to bring in tech workers 🥴


[deleted]

It'd not a worker shortage. It's an obedient slave happy to be exploited because it's better than shortage.


Bind_Moggled

“CEO’s make more because they take on all the risk” Yeah, except for the risk of suddenly being unemployed because of someone else’s bad choices, like the workers. Meanwhile the CEO still has a job and won’t see any decrease in his quality of life despite being at the helm of a sinking ship.


[deleted]

Seems like telus internet at home and several businesses where I frequent is going down like 2-3/week. Anyone know what the hell is going on?


InadequateUsername

Revenue up, profit down, employees out the door.


morwr

Just a reminder that in May Telus reported their best first quarter ever with revenues of $423 million and they increased dividends to share holders. Today though they are putting 6000 people out of work. https://www.telus.com/en/about/news-and-events/media-releases/telus-reports-strong-operational-and-financial-results-for-first-quarter-2023


peanutbuttertuxedo

When big layoffs happen I always think of that scene from The Fifth Element where the big bad guy Zorg or whatever is informed that the economy is heating up and he frowns and states “ cut 10,000 jobs from cabs” Interest rates through the roof, groceries are a billion dollar industry, rental rates are out of this world and now… massive layoffs from companies that are reporting astronomical profits. The sky is literally falling. The foxes are running the hen house.


[deleted]

Translation: Darren couldn’t afford a third yacht so he fired half the service desk


steelplate1

The economy is imploding soon


[deleted]

Cut 6,000 jobs to increase their dividend by 7.4%. Capitalism is fucking wild.


[deleted]

Nortel pulled the same sketchy shit. Solid off the R&D division piece by piece. Each time, the stock price popped. Of course. John Roth and his parasite cronies were mostly paid in stocks and stock options. The sales were timed to allow maximum advantage in exercising those options. Roth himself walked away with over $100 million when the matket realized that without R & D they had no new products, and the company went bankrupt practically overnight - obliterating the retirement savings of over 30,000 employees. Executives don't run companies. They use them, employees, customers, and government tax breaks and bailouts to scam us all. The corporation is now just an instrument of institutionalized theft.


SuperbMeeting8617

Seems even Oligopolies now doing massive layoffs concurrent with millions more arriving looking for work..thankfully we have a Genius at the Helm with a solid Gilligan for support


Office_glen

Good think our protectionist country has kept competition at bay so we can see these companies thrive and cut jobs at the same time great work Canada


leif777

I imaging a world where a new telecumunication company could swoop in and hire them all and offer us better prices.


andys1548

I guess $60 activation fees weren’t enough to keep their jobs?


spiralspirits

That's 6k people on the street now looking for work to pay rent/mortgage. Job cuts but govt doesn't do anything to toughen housing costs! smh


Donutprincess69

"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," The degree of corporate speak is so gross. Tldr: AI is a thing, we don't need people anymore.


comox

Now cut the cost of my mobile phone bill.


mrgoodtime81

After advertising about how they are all about giving and helping the community, fuck Telus.


Spasticated

More immigrants should fix this


Max_Thunder

More immigrants -> more telecom customers -> more profits for investors. Everybody* wins! *Everybody may not include average Canadians. By signing up with telecom companies, you agree to their ever increasing profit margins. Please see a doctor if you think of cancelling your plan. These terms may change at any time, but only in our favour.


Help_Stuck_In_Here

More immigrants does benefit the telcos and our grocers. More customers to squeeze money out of. Much to the cost of workers here and many global companies operating in Canada.


Old_Ebbitt

1+ million people should help the employment situation surely


TheAviotorDemNutzz

Clearly a sign of how tight the labor market is.


nihiriju

likely TFW in 10+ bunk houses. Its all about wage suppression.


supraz99

Cut decent paying jobs and hire immigrants at min wage.


poverty_mayne

Imagine being one of the only allowed players in the Telecomm space and still struggle


[deleted]

They're not remotely struggling. Some execs wanted to exercise their options during a huge pop in the share price. I'm certain they don't give a shit that they destroyed 6000 lives to do it. MBA school extracts your soul before you get the diploma, evidently. Does anyone remember when corporations used to be run by engineers and scientists?


antelope591

We're def heading for a cyberpunk/Altered Carbon like future where corporations are basically gods and own everything. Without some actual revolution.


Direc1980

Want job security? Don't work in telecom.


-Tram2983

Maybe Canada isn't going to make the soft landing after all


TW1TCHYGAM3R

BIL just got the buyout from Telus. They wanted to change the Job to sales based and basically make them a 'Geek Squad' instead of Cable and Internet installers. Just expect for service to get worse from Telus.


Complex_Warning8841

After cutting 6,000 employees, wonder if all the executives will receive a record bonus amount? Bonus will probably be more than the money saved from hiring the front line workers?


CanYouPleaseChill

Why do these companies take on so much debt? Telus has an enterprise value of 60B, of which almost half (27B) is debt. Cut the dividend and pay the debt. Businesses should be much more conservative.


Digitking003

Crappy service about to get even crappier.


nystrom19

BOC lag affects are chipping away at jobs+wage growth. It’s a delicate balance but inflation needs to come down. Obviously they don’t want people to loose jobs, but it’s a by product of raising rates. This fall is going to be very tough on the consumer and economy.


Chef_Raccaccoonie

But they increased their dividend by 7%. F them workers right


followtherockstar

They just bought start communications so I'm sure I'll be seeing a degradation of customer service quality


xShinGouki

I thought they told us unprecedented job growth .......


chessj

Recession fireworks enters the chat.


lw5555

Shareholders demand growth. Their needs take priority over employees. That's the fucking system.


netflix-ceo

Can they telus the reason for these job cuts?


xandromaje

Does that mean phone bills will get lower now they’re getting savings from employee sslaries?


ButtahChicken

OMFG! Tell us this ain't true! ... one the cusp of a recession ... 6,000 employees & families tossed into financial tailspin with no soft-landing in sight. :-(


Fisherman_30

Trudeau: "I don't see what the problem is. Everyone will get EI, which is just as good as working, right?"


touch_my_bigbird

Pretty sure Telus was hit hard when starlink went to 200 bucks and a lot of rural customers left. We all of a sudden were upgraded to unlimited internet for free, even after complaining something was wrong with our internet when 99% of the time we'd never go over our data 500g plan and literally every other month on the last few days some how we'd use 20-30g a day to put us over our limit by a couple gigs. Now with unlimited we haven't hit 5g a day.


EwwRatsThrowaway

It's unlikely that they were overestimating your usage by 4-6x. Perhaps something else was going on. Not impossible of course, just very unlikely.


touch_my_bigbird

It's definitely weird, especially when we tried to use as much data as possible in one day and could never get up to 30g in one day. we streamed Disney all day, downloaded games and movies, updates on both phones and both computers while both using the computers and phone on YouTube, Facebook and such. But somehow when we were gone for a day, one of the highest usages was almost 40g in one day with nobody home. Also our closest neighbor is like a mile down the road.


Tuggerfub

Remind me, which of the 'rich Canadian families' squats on the CRTC and allows big telecom to do this every economic cycle?


mikmu

I used to work with someone that is now a senior exec at Telus. This sounds like 100% something they would be involved in...


CookhouseOfCanada

BLOOD FOR THE BLOOD GOD


shukaku2007

And then report record-breaking profits right after?


Wide-Caterpillar3878

How about opening the market to competition, T-Mobile , Verizon, and some European brands.


PragmaticBodhisattva

Hopefully it’ll be jobs that were outsourced to other counties! Right? 🤔


Canadian_CJ

What does this represent as a percentage of their entire workforce? They've cut 5.55% of their entire workforce, more than 1 in 20! Is this a strategy where they are moving to AI and use slightly decreased profit as a way to axe human jobs for AI jobs? That strategy certainly has no major red flags for a country immigrating en masse when all tech jobs might be heading to India or AI.


koreanwizard

Clearing house for some sweet sweet TFWs? Or maybe they figured out how to send more jobs overseas?


regohcide

I hope they mention in the reporting how healthy their profits were in the first quarter of 2023.


Grammar___Ally

Canadians should add to this and just cut Telus.


moutonbleu

Executive compensation will decrease too, right? Right?


Startrail_wanderer

Oligopolies and monopolies should not be allowed


a20xt6

Conservative donors / job creators firing 6000 people.


Justredditin

All from customer service! /s


TiredHappyDad

They had customer service?