Pasona Group H1 revenue falls 2.5% and company pulls annual forecast amid uncertainty

Japanese staffing firm Pasona Group (2168: JP), reported revenue for the six months ended 30 November 2023 of JPY 179.3 billion (USD 1.23 billion), down 2.5% compared with last year.

S-Pool full year revenue drops 3.3%

Japanese staffing firm S-Pool (2471: JP) reported revenue today for the full year ended 30 November 2023 of JPY 25.78 billion (USD 177.5 million), a decrease of 3.3% compared with the same period last year.

Infosys’ performance ‘resilient’ in Q3, but revenue slips

Global IT services provider Infosys Ltd. (NYSE: INFY) reported a challenging environment in its fiscal third quarter ended 31 December 2023, but CEO and Managing Director Salil Parekh said the company’s performance was “resilient.” Revenue fell 1.0% year over year on a constant currency basis,...

Wipro Q3 revenue down 4.4%

India-based IT services giant Wipro Ltd. (NYSE: WIT) today reported revenue fell by 4.4% year over year in its fiscal third quarter ended 31 December 2023. Revenue totalled INR 222.0 billion (USD 2.67 billion) during the period.

“Our investments in people, processes, and business operations are continuing...

Media Five H1 revenue up 6.9% as it reports improvement in profits

Media Five (3824: JP), a staffing firm in Japan that provides engineers to the IT industry, reported revenue yesterday for the six months ended 30 November 2023 of JPY 938 million (USD 6.4 million), up 6.9% compared to last year.

TCS Q3 revenue edges up 1.7% amid macroeconomic headwinds

Revenue at Indian IT services giant Tata Consultancy Services Inc. increased by 2.9%, or 1.7% year over the year in constant currency, in its fiscal third quarter ended 30 December, the group reported today. Revenue totalled USD 7.28 billion.

K Krithivasan, CEO and managing director, said, “Our strong...

Dip Corp nine-month revenue rises 9.6% as profits climb

Japanese staffing firm and job board Dip Corp. (2379: JP) reported revenue for the nine-month period ended 30 November 2023 of JPY 40.25 billion (USD 276.8 million), up 9.6% over the year.

Japan's real wages down for 20th straight month (Reuters)

Japanese workers' real wages kept shrinking for a 20th month in November, reports Reuters citing data from the labour ministry. Inflation-adjusted real wages, a key determinant of consumer purchasing power, fell 3.0% in November from a year earlier, faster than a 2.3% annual decrease in October 2023....

Most recent graduates in Japan would prefer coming into office over telework (The Mainichi)

The majority of graduates in Japan would prefer coming to the office rather than teleworking, reports The Mainichi, citing research from Gakujo. The survey was conducted in November targeting university students who are graduating in spring 2024, via its job placement website for new college graduates....

Global unemployment rate set to increase in 2024 while growing social inequalities raise concerns

The global unemployment rate is set to rise from 5.1% in 2023 to 5.2% in 2024, according to a report from the International Labour Organisation.

The report finds that both the unemployment rate and the jobs gap rate, which is the number of persons without employment who are interested in finding a job,...