Telstra Corp., Australia’s largest telecommunications group, said Thursday it will slash 950 positions as Chief Executive David Thodey continues to streamline the group’s operations in the face of stiff competition from rivals.

“The changes we are announcing today will reduce duplication of roles, clarify job accountabilities, eliminate unnecessary steps in company processes, and substantially simplify decision-making,” Thodey said in a statement.

“This will enable Telstra to deliver its strategic objectives of improving customer satisfaction, winning market share, and building successful new businesses in high-growth markets,” he said.