World – Cognizant Q4 revenue up 4.1%, revenue rises across industry verticals except financial services

Global IT services giant Cognizant Technology Solutions Corp. on Thursday reported fourth-quarter revenue rose 4.1% USD 4.84 billion.

Among geographies served, Cognizant reported the fastest growth in the UK where fourth-quarter revenue was up 15.6% in constant currency. In Continental Europe, revenue...

Japan – Number of dispatch workers rises by 0.7% in December

The number of “dispatched workers from temporary labour agencies” in Japan rose by 0.7% year over year in December to a total of more than 1.5 million, according to data from the Statistics Bureau of Japan.

Looking at all “nonregular” employees in Japan — which includes temporary, dispatch workers,...

Australia – Go2 People says cash receipts up 17%; reports on MechTech acquistion

The Go2 People Ltd. (GO2:ASX), a Perth, Australia-based provider of recruitment and training services, on Monday said cash receipts rose 17% to AUD 22.6 million in the quarter ended 31 December, according to a regulatory filing. The company also reported on its acquisition of MechTech Australia.

In terms...

New Zealand – Jobless rate edges up to 3.4% in December quarter

New Zealand’s unemployment rate edged up to 3.4% in the December 2022 quarter from 3.3% in the September quarter on a seasonally adjusted basis, though it still remains near historic lows, according to Stats NZ. In addition, average weekly earnings jumped in the during the December quarter.

“The unemployment...

Japan – Companies stepping up to fight labor crunch, inflation (Reuters)

Japanese firms are increasing efforts to fight the labor crunch and help workers deal with inflation, Reuters reported. There is growing momentum from labor and management to offer pay hikes to cushion, if not beat, inflation. About a quarter of Japanese firms have offered inflation allowances or plan...

Australia – Salary index up 4.7% over year in December, but monthly increase is small

Seek’s Advertised Salary Index for Australia rose 4.7% year over year in December, the job board operator announced Tuesday. However, the salary index rose just 0.3% in December when compared to November with month-over-month growth the slowest since the early part of the year.

“The month-on-month...

World – Tech roundup: AI product will write job ads; searches for AI-related services soar 1,400%

A new AI tool that will generate job ads automatically is described as being one of the first on the market. Separately, one talent platform reports search for AI-related services have soared.

Hiremii Ltd.

Hiremii Ltd. (HMI:ASX), a Perth, Australia-based firm, announced an artificial intelligence-powered...

Australia – Ignite revenue down 5%, but gross margin improves

Ignite Ltd. (IGN:ASX), a Sydney, Australia-based recruitment firm, reported revenue fell 5% year over year to AUD 27,217,000 (USD 18.5 million) in the quarter ended 31 December as the company focused on higher margin placements. Gross profit margin improved to 12.5% in the quarter from 11.8% in the year-ago...

Japan – Meitec revenue up 12.4% in first nine months of fiscal year

Meitec Corp. (9744:TYO), a Tokyo-based provider of engineering staffing, reported revenue rose 12.4% in the first nine months of its fiscal year compared to the same time period in the previous fiscal year to a total of JPY 88.7 billion (USD 672 million).

The first nine months ended on 31 December, while...

World – Classified website operator OLX Group to lay off 1,500 employees (Financial Express)

OLX Group, an operator of classified ads websites, including for jobs, is laying off at least 1,500 employees, according to a report in the Financial Express. Naspers/Prosus (OLX Group) is based in South Africa and posted job-related revenue of USD 799 million in 2021, according to research by Staffing...