After nearly six years in the position

As CEO David Bacino will transition to vice chairman, and push focus on Galaxi Towers

He resigns after less than two years in charge

As carrier names Victor Dodig as his replacement

Karmis currently leads the US division of the company

While Clive Selley, the current CEO, will head up the company's international unit

The cuts will impact Telstra's AI JV with Accenture

Follows earlier reports that the carrier was looking to hire his replacement

Says the move will save $65m annually

Follows an agreement with trade unions

Sampath was widely tipped to take over as CEO at Verizon

Layoffs will take place on April 2

Attacks against Openreach's workforce last year soared

But says 150 new roles will be created

The CEO notified employees of plans to axe 450 jobs

It hasn't gone down well with MTN Group, a 49 percent stakeholder in the carrier

He replaces his late father who passed away earlier this month

As CEO says, further job cuts will come in the future

Commisso founded Mediacom in 1995 and also owned Italian football giants ACF Fiorentina

Schäfer has been interim CEO for the last six months

Says the move will enable the company to remain competitive

Some are expected to move into other roles

Set to impact employees in Finland and Sweden

Company says it will look to use new technologies to drive efficiencies