Quick Co H1 revenue rises 6.7% as profits rally

Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the first six months ended 30 September 2023 of JPY 15.79 billion (USD 104.8 million), an increase of 6.7% compared to the previous year.

Demand for AI, blockchain and cyber security talent in India on the rise

India's tech industry is going through a transformative stage and the growing demand for automation and technical skills like big data analytics and artificial intelligence has created the need for skilled talent in the industry, according to research from Michael Page India published by the Press Trust...

Adecco Australia says casual employment reforms could impose massive compliance burden (The Australian)

Adecco in Australia has declared the government’s proposed casual employment changes have opened a ‘Pandora’s box’ for employers that will impose a ‘massive compliance burden’ on the company’s operations across Australia, reports The Australian (paywall). Nicholas Lee, senior vice president...

BFSI companies step up hiring for entry-level roles in India (The Economic Times)

Banking, financial services, and insurance (BFSI) companies in India are ramping up entry-level hiring, including campus placements from engineering colleges and business schools, across functions to support business expansion amid high attrition due to a war for talent within the industry, reports The...

AD1 Holdings reports increase in cash receipts in Q1, maintains positive outlook for FY 2024

Australia-based job search site AD1 Holdings (AD1:AU) reported cash receipts totalling AUD 1.85 million (USD 1.18 million) in the first quarter ended 30 September 2023, representing an increase of 27% compared to Q1 2022.

In its Q1 business update, AD1 Holdings said it continued to see steady revenue...

UT Group to acquire Hitachi Ibaraki Technical Service

UT Group Co. Ltd. (2146:TYO), a Tokyo-based firm focused on engineering and technical staffing, announced it will acquire 51% of outstanding shares of Hitachi Ibaraki Technical Service Ltd. and make it a subsidiary.

The price of the transaction was not disclosed.

Hitachi Ibaraki Technical Service is a...

Indians more afraid of AI taking away jobs than their global peers (The Economic Times)

Employees in India are more wary of losing their jobs to artificial intelligence (AI) than their counterparts in the US, UK and Germany, according to a Randstad pulse survey shared with the Economic Times. At least one in two Indian employees are worried about losing their jobs to AI compared to one...

Indian IT companies see first fall in headcount in 25 years (Mint)

Nine of India’s top ten software services firms, employing more than 2 million engineers, have seen their workforce shrink in the six months to 30 September, the first time in more than 25 years, as clients in the US and Europe cut spending amid rising economic and geopolitical risks, reports Mint....

Accordant H1 revenue falls 8.8% as decline in white-collar temporary segment offsets growth in blue-collar labour hire

New Zealand temporary staffing firm Accordant (AGC:NZC), the New Zealand-based temporary staffing provider, reported revenue today of NZD 112.1 million (USD 65.2 million) for the six-month period ended 30 September 2023, a fall of 8.8% compared to the same period a year ago.

Singapore labour market shows improvement in Q3 despite weaker economic outlook

Singapore’s labour market expanded in the third quarter of 2023 despite a weaker economic outlook, according to the Ministry of Manpower’s latest Labour Market Advanced Release.

Total employment (excluding Migrant Domestic Workers) expanded for the eight consecutive quarter by 24,000 in Q3 2023, which...