Telstra has announced it aims to cut 2000 jobs by the end of the year to reduce costs, as the telecommunications giant struggles to make a profit in the national broadband network market. The telco’s chief financial officer Vicky Brady confirmed the company is on track to axe 8000 staffs in its direct workforce as part of its T22 job-cutting program. “By June, we expect to be more than 90 per cent through our T22 target to reduce our direct workforce by 8000 net roles, and to have completed that by the end of the calendar year,” she told the Macquarie Australia Conference. The business has already cut 6000 staff across its direct workforce and 1600 across its indirect workforce in the interest of shareholder returns. Telstra’s restructure were imposed as the company faces the NBN market “headwinds” from its rivals such as Vodafone and Optus while coping with financial …