TPG Telecom

Financial Context

Illustrative wage differential: if the 2,900+ reported offshore roles were instead employed in Australia at average local rates, the additional cost could be in the order of ~$247M/yr (~82.3% of reported net profit). This is an estimate based on industry averages, not company-specific data.

Would this company be profitable without offshoring?

Financial data: FY2024. Estimate uses avg AU cost of $110,000+/yr (salary only, excluding super, office, recruitment) vs offshore $25,000/yr (salary + on-costs). Actual figures vary by role, seniority, and location.

In Plain English

• In 2024, TPG Telecom was reported to have 2,900+ offshore contractors and staff.
• This represents ~88.4% when compared to its current workforce of 3,282 (illustrative comparison only — not directly reported by the company).
• Known outsourcing partners include Tech Mahindra.
• 3,000 Australian jobs have been cut.

Based on data from public sources at the dates reported. Figures may not reflect current headcount. See sources below for full attribution.

The Story

• 2020TPG Telecom merged with Vodafone Hutchison Australia in a $15 billion deal, creating Australia's third-largest telco. The combined entity inherited Vodafone's offshore operations in India and the Philippines. [AFR]
• February 2024TPG Telecom cut approximately 3,000 jobs as part of a major restructure following the Vodafone merger. The cuts represented a significant portion of the combined workforce. [iTnews]

All facts sourced from public reporting. No editorial commentary. Click source links to verify.