Sensis is going to shred 500 jobs, about half of its workforce.

Telstra Corporation Ltd is reportedly preparing to slash as many as 500 jobs from its ailing print and digital business, Sensis.

The cuts, which amount to about 50 per cent of Sensis' estimated total workforce, were flagged by multiple sources at Telstra and Sensis, according to The Australian.

While Telstra declined to comment on the report, chief executive David Thodey last week hinted that cost cuts were on the horizon.

The company is currently attempting to reinvent Sensis as a nimble, digitally-focused enterprise.

Read more: http://m.theaustralian.com.au/australian-it/telecommunications/telstra-to-cut-half-of-sensis-workforce/story-fn4iyzsr-1226577444369