HP’s recent restructuring, which saw it slash 27,000 jobs which presents eight per cent of its workforce, is a necessary move in order for the company to restore both customer and market confidence after a rocky two years, according to Ovum principal analyst, John Madden.

Hewlett-Packard is reportedly poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.

Plans to slash 750 jobs at Optus will result in poorer customer service and could lead to jobs being sent offshore, the communications union has warned.

Optus has slashed 180 jobs and 70 roles that had yet be filled have been cancelled.

BlackBerry maker Research In Motion is cutting 2000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives.

Telstra has flagged plans to cut a further 950 staff as part of the latest stage in a dramatic company-wide simplification strategy being driven by chief executive, David Thodey.

Swedish networking giant, Ericsson, has announced plans to lay off 80 permanent staff and 10 contractors by the end of this year.

Telstra says it has not confirmed how many jobs will be cut under its plan to simplify its business, as unions demand more information from the telco giant.