Telstra’s global talent search, Picasso part of $1B donations drive, and more top news
The news Australian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation in the comments below.
Telstra’s CEO expects to look overseas for skilled staff. Under a restructure, around a quarter of Telstra staff will lose their jobs by 2022 as 1500 new roles are created, and CEO Andy Penn said there were "simply not enough" people with information and communications technology skills in Australia to fill them. Penn said a Telstra facility would open in India’s Bangalore later this year, and that it was estimated Australia will have a shortfall of 60,000 skilled workers in the ICT sector within the next five years.
A Picasso painting helped Sydney University secure $1B in donations. More than 64,000 donors helped it reach the target over the past decade, including an anonymous philanthropist who arrived at the university with Picasso’s Jeune Fille Endormie in his suitcase, according to Fairfax Media. In recent years Australian universities have beefed up their fundraising programs by recruiting experts from overseas and partnering with donors on area of mutual interest when it comes to research.
Australia’s corruption score got worse in an annual survey. Transparency International said Australia's score slipped from 85 to 77 (paywall) in its Corruption Perceptions Index for 2018, with a score of 100 meaning the country is very clean, and a score of zero showing it is very corrupt. Denmark and New Zealand are the least corrupt countries, according to the index. Transparency International said there was a link between corruption and the health of a country’s democracy.
Lawyers have criticised a culture of excessive workloads. According to ABC News, the Banking Royal Commission pushed some legal professionals to the limit, with 15-hour shifts and seven-day work weeks required to meet tight deadlines, and this has highlighted a broader trend in the industry. Law Institute of Victoria president Stuart Web told ABC News excessive work posed a serious mental health risk. Meanwhile, research shows about 40% of working Australians struggle to maintain a healthy work-life balance.
Apple saw its first quarterly decline in revenue and profit in more than a decade. The tech giant had already warned that slowing iPhone sales (paywall), particularly in China, would hurt revenue. Apple’s stock is down 30% since October and it has already ceded its spot as the United States’ most valuable company to Microsoft (LinkedIn's owner) and Amazon. Earlier this week, Apple disabled a FaceTime feature that was letting callers listen in on and even see users of iPhones, iPads and Macs, due to a security bug.
Idea of the Day: Transparency does not equal more trust, says author Rachel Botsman.
“Transparency can be a great tool, but it is not a magical cure for building or restoring trust.”
What's your take on today’s stories? Share your thoughts in the comments.
Advisor
6 年That the problem with Telstra is they can not see the forest because of the trees . There are lots of excellent people in Australia .? May be they could out source the management ( Possibly have )
Horse Trainer at Tracy Timbery Racing Stables
6 年Outside of Telstra’s current issue the whole company needs to be restructured in their communication, customer service as they are horrendous. I truly think Telstra does not care. They obviously do not have a box to tick for completed jobs as I has a job completed & they kept texting & calling me to do the job regardless of how many times I told them it’s done!
Working at the final level with post-MBA methods to optimise organisational decision-making and managerial efficiency advancing corporate marketing governance, strategy, and planning results.
6 年Jobs understood #UX; #Apple no longer does. It is inevitable that Apple decline in revenue & profit. The decline in global sales reflects product portfolio strategies borne of arrogance and complacency in #governance. #Pricing has not recognised immutable laws of strategic marketing. No one can ignore change (I doubt Apple measure it properly or even accept their vulnerability to consumer satisfaction.) Apple’s stock will cascade down unless its Board takes a HUGE humble pill & finds new entrepreneurial and strategic marketing insights, and appoints leaders who have: 1. The"gut instinct" of Jobs to read what sells and what alienates 2. The drive and determination to reverse Apple's deep routed habitual beliefs which better satisfy the "new" market segments that are evolving.
Owner / Director, Tovegin Pty Ltd
6 年It’s a shame Telstra claims it needs to look overseas without listing the positions or even skills it is looking for. Aside from the many locals who might be able to fill the positions, there are all the locals currently at Uni/TAFE who could vary their studies to match Telstra’s future needs But as so many have said, the optics are that Telstra is just trying to justify its look overseas that is really a signal they a looking for less expensive labour Much as we might dislike government regulations and intervention it would be nice to see requirements to list locals interviewed and why they are not suitable before doing and recruitment / permitting visas from overseas!
Banking Professional | Financial Crime Analyst |Business Analyst |
6 年True! Transparency does not constitute trust. Trust is something beyond compare and people confide in you to keep it under wraps or where integrity is involved! I value trust and transparency plays its part in making it look authentic!