Majority of working professionals in India think they might lose jobs due to AI (India Today)

Most working professionals in India fear losing their jobs to emerging technologies such as artificial intelligence, reports India Today, citing a report by Hero Vired, an e-learning provider. Despite the concern about job losses, approximately 78% of respondents revealed recognising upskilling as a...

Australian Capital Territory’ government to consider four-day work week (The Canberra Times)

The ACT (Australian Capital Territory) government will set up a working group to examine the potential for a four-day work week trial, despite some misgivings, reports The Canberra Times (paywall). It says a four-day working week would pose challenges for the ACT's public servants as staff numbers would...

Tech Mahindra moves ahead with new CEO as Gurnani retires

India-based IT services giant Tech Mahindra Ltd has reported managing director and CEO C.P. Gurnani retired effective 19 December 2023. Mohit Joshi, who joined Tech Mahindra from Infosys Ltd where he had served as president, will succeed him.

In March 2023, Tech Mahindra had announced Joshi as the managing...

HCL Technologies reports ransomware attack on one project

HCL Technologies Ltd., an IT services provider with global operations, said one of its projects was struck by a ransomware attack. The incident took place in an isolated cloud environment, the company reported in a regulatory filing.

No impact has been observed in the overall HCLTech network because of...

New Zealand advertised salaries climb 5.1% in November but fall short of inflation

Advertised salaries on Seek New Zealand grew by 5.1% in November 2023 quarter when compared to November 2022 quarter.

The Advertised Salary Index slowed slightly in the November quarter, to 1.1% quarter-on-quarter from a 1.3% quarterly rise in August. This was also the slowest quarter-on-quarter growth...

Australia’s federal court fines union CFMEU for unlawful conduct

The Federal Court in Australia has imposed a total of AUD 171,000 (USD 115,591) in penalties against the Construction, Forestry and Maritime Employees Union (CFMEU) and two of its officials for unlawful conduct at a construction site in South-East Queensland.

The penalties are the result of legal action...

Persol invests in small satellite business Axelspace to support recruitment for space startups

Persol, the Japanese staffing firm, announced it has invested in Axelspace Holdings Co., Ltd., the holding company of Axelspace Co., Ltd., a small satellite business.

The investment was made through Persol Venture Partners.

Through the investment, Axelspace will utilise Persol Group's recruitment support...

Singasia Holdings Q1 revenue falls 8.6% amid decrease in manpower outsourcing business

Singapore-based workforce solutions provider Singasia Holdings (8293: HKG) reported revenue of SGD 4.38 million (USD 3.29 million) for the three months ended 31 October 2023, representing a decrease of 8.6% when compared with the prior year. The group posted results on 12 December 2023.

The drop in revenue...

Advancer Global proposes spinoff and listing of two subsidiaries

Advancer Global announced it is exploring a spin-off of its subsidiaries, Advancer IFM Pte. Ltd. and Advancer Smart Technology Pte. Ltd. (AST), on Nasdaq.

Advancer AIFM is currently 100% held by the company through Advancer Global Security (AGS) Pte. Ltd while AST is currently 85% held by Advancer Global...

India’s flexi staffing industry posts 5.9% quarterly growth in new jobs in Q2 (The Economic Times)

The staffing industry in India registered a 5.9% quarter-on-quarter growth in new jobs in the second quarter of the current fiscal year (July-September 2023), reports The Economic Times, citing research from the Indian Staffing Federation. The research showed that the rise in employment was particularly...