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.

Telco giant Optus is slashing 750 jobs as part of a restructure.

Investors have given the tick of approval to Qantas Airways' plans to reduce costs through staff cuts and deferring aircraft orders, sending the stock up to a near three-month high.

Over 10,000 jobs could disappear from the banking sector in as little as two years as the big four continue to axe positions while they lift interest rates independently of the Reserve Bank.