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...

Majority of SMEs struggle to compete with multinationals in hiring talent (Malay Mail)

The majority of staff (85%) responsible for hiring in small or medium-sized enterprises (SME) in Malaysia struggled to compete with multinational corporations (MNC) when it comes to hiring new talent, reports the Malay Mail, citing a report from Employment Hero. The report titled ‘State of Recruitment”,...

China's employment figures stable in nine-month period and within expectations (Xinhua)

China's job market remained generally stable, with 10.22 million new urban jobs having been added in the first nine months of 2023, reports Xinhua citing data from the Ministry of Human Resources and Social Security. China set an annual target of creating 12 million new urban jobs for the full year in...

Tech Mahindra revenue down 6% amid challenging demand environment

Global IT services giant Tech Mahindra Ltd. reported revenue yesterday fell 5.9% year over year on a constant currency basis to $1.55 billion in its fiscal second quarter ended 30 September. The decrease was 5.1% on a reported basis.

Profit after tax fell 62.5% year over year to $59 million.

“The year...

Singasia Holdings expects return to profit in FY 2023

Singapore-based workforce solutions provider Singasia Holdings (8293: HKG) announced that, based on the preliminary review of the unaudited consolidated management accounts of the group for the year ended 31 July 2023, the group expects to record a net profit of not less than approximately SGD 400,000...

Fullcast to acquire AppX in Japan

Japan-based staffing firm Fullcast Holdings announced it will acquire all the shares of AppX Inc.

AppX, also based in Japan, is a printing company. Its subsidiary Impuri Co., Ltd., develops and operates job search apps.

The price of the acquisition is JPY 123 million (USD 818,540).

Fullcast said the acquired...

Australian workers back-paid $320 million to over 250,000 underpaid workers

Australia’s Fair Work Ombudsman recovered AUD 509 million (USD 321.0 million) for 251,475 underpaid workers in 2022-23, the second consecutive year of more than half a billion dollars in underpayments recovered.

The recoveries detailed in the workplace regulator’s newly published Annual Report are...