Like so many other global telcos, Australia’s Telstra is implementing sweeping reforms to cut costs and grow profits. There are early signs that investors are supportive of these measures and expect them to boost the operator back into profitable condition. In May, Telstra announced a sweeping cost cutting plan to resuscitate its business and a retrenchment to core business segments. This included plans to cut up to 2,800 jobs by the end of the year, mostly in the enterprise business unit. This equates to nearly 10% of its overall workforce. Additional job cuts are also expected to be announced in the coming weeks. “As we look to streamline our network application and services (NAS) portfolio, as part of that work,…