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Top court rejects TCS appeal of USD 140 million in punitive damages

21 November 2023

The US Supreme Court rejected an appeal by Tata Consultancy Services Ltd. (TCS:NSI) and confirmed the award of USD 140 million in punitive damages for improperly taking confidential information and trade secrets.

TCS announced the court’s decision in a regulatory filing on 21 November. The global...


New Zealand job ads fall by 6% in October, now below pre-pandemic level

21 November 2023

Job ads in New Zealand fell by 6% in October, and they are now 1% lower than October 2019 levels, job board operator Seek reported. Declines were seen in all regions with the exception of Taranaki, where volumes grew by 7%.

Driving the decline in job ads were New Zealand’s largest cities. In Auckland,...


Online hiring in India falls 3% in October amid uncertainty

21 November 2023

Online recruitment in India reported a 3% decline in October 2023 compared to October 2022, according to the latest foundit Insights Tracker.

The hiring index dropped to 253 in October 2023 from 262 in October 2022 .

When looking at the month-over-month figures, e-recruitment saw a slight 1% decline in...


Ignite gross profit down 11% as Managed Services decline offsets growth in Specialist Recruitment

21 November 2023

Ignite, the Australian recruitment firm Ignite (IGN:ASX), said its gross profit during the first four months ended 31 October 2023 fell by 11% compared to the prior year period.

The group provided an update during its Annual General Meeting. For the first four months ended 31 October 2023, as compared...


Hilton Australia hotel chain tells jobseekers to post TikToks for jobs

21 November 2023

Recruiters at the Hilton Australia hotel chain are encouraging jobseekers to post a TikTok for a job rather than send in a CV, according to a video posted on TikTok.

In a 34-second video, the hotel tells potential employees to search for job roles they are interested in and to apply by making ‘a 1 minute...


Job ads across Australia dip 19.9% in October with steepest falls across Victoria and NSW

21 November 2023

Job ads on Australian job board Seek fell by 19.9% year-on-year in October. However, when compared to October 2019, job ads are 16.6% higher.

The annual decline was led by falling job ad numbers in Victoria and New South Wales, occurring in all but three industries.  

Meanwhile, job ad volumes declined...


IT hiring across India remains muted in Q2, but roles with functional skills see higher demand (The Economic Times)

21 November 2023

Recruitment for India’s IT sector has remained muted, while the demand for talent with functional skills such as Development, ERP (enterprise resource planning), Automotive Design, Testing, and Administration, among others, has surged in the second quarter of FY24, reports The Economic Times, citing...


Human Holdings H1 revenue edges up 5.2% as profits rise

20 November 2023

Human Holdings Co. Ltd. (2415:JP), a human resource and employment services provider in Japan, reported revenue on 14 November of JPY 47.27 billion (USD 316.2 million) for the six months ended 30 September 2023, an increase of 5.2% when compared to the previous year.

(JPY millions) H1 2023 H1...


Mirai Works reports full year 2023 results, forecasts FY2024 revenue growth

20 November 2023

Japan-based HR services firm Mirai Works (6563: TYO) reported revenue yesterday of JPY 8.36 billion (USD 56.1 million) for the full year ended 30 September 2023. The group did not publish prior year results in its financial year report published on 14 November 2023.

Last year the group published its financial...


Indian festive season boosts gig jobs by 10% (Financial Express)

20 November 2023

India’s festive season added nearly 700,000 gig jobs across the country, which is around 10% more than the non-festival period hiring, as e-commerce and retail companies hired more hands to meet the increased demand for consumer goods, reports the Financial Express, citing research from TeamLease....