More than 200 Optus employees are set to lose their jobs, according to an Australian Financial Review report.
The AFR reported that unnamed sources indicated that the cuts from multiple divisions could be announced as early as this week.
"Optus continually reviews its operations to ensure it has the right organisational structure in place to achieve its business goals, and we've been continuing to do so within the context of the business strategy we launched 18 months ago," an Optus spokesperson said in a statement sent to Computerworld Australia.
"Shortly we will be talking to our employees about some changes we're making. Our priority is always to communicate the detail of any change directly with our employees and support those who might be affected."
Read more: Optus slashes more jobs in new restructure
In November the telco announced its net profit had grown by 32.6 per cent to $218 million, up from $165 million in the same quarter last year, despite a decline in operating revenue of $120 million.
The telco reported that, thanks to redundancies, staff costs dropped 10.5 per cent. On 30 September 2013 Optus had 8683 employees down from 9069 employees 12 months earlier.