Large, local companies across India ramp up search for CXOs amid macroeconomic uncertainty (The Economic Times)

Large domestic conglomerates and companies have stepped up search for top leadership positions, even as the macroeconomic uncertainty keeps the overall job market muted, reports The Economic Times. Executive search firms including Korn Ferry India, Heidrick & Struggles, EMA Partners and Insist Consulting...

Tech Mahindra Q1 revenue falls 0.9% amid macroeconomic uncertainty

India-based multinational IT services giant Tech Mahindra Ltd. yesterday reported macroeconomic uncertainty weighed on earnings during its fiscal first quarter ended June 30. Revenue fell 0.9% year over year on a constant currency basis in the first quarter to USD 1.60 billion. The decrease was 1.9%...

Hiremii Q4 revenue soars 48% on the back of contractor growth and growth in Inverse Group

Hiremii, an Australia-based staffing platform for temporary and permanent hiring provided an update for the fourth quarter ended 30 June 2023. The group reported revenue of AUD 6.25 million (USD 4.25 million), an increase of 48% from the prior comparative period and up 22% over the quarter.

Revenue improved...

ACA invests in Singapore-based Icon Consulting Group to fund expansion plans

Icon Consulting Group, a digital and enterprise application-focused staffing firm based in Singapore, announced that it has received a significant strategic investment from ACA Investments, a fund investment group based in Singapore and Japan that is currently managing approximately USD 1 billion.

ACA’s...

Young Chinese are becoming ‘full time children’ as jobs become harder to find (CNN)

As China’s youth jobless rate hits consecutive record highs, young jobseekers are being paid by their families to stay home, reports CNN. Thirty-somethings studied and pushed hard to get ahead in their careers, and often do little at home despite relying on family for help with rents and other expenses....

Teamlease Services Q1 revenue increases 15.5% with growth in general staffing business

Indian staffing firm, TeamLease Services Limited reported INR 21.7 billion (USD 264.7 million) in revenue from operations net of taxes in its fiscal first quarter ending 30 June 2023, up 15.5% when compared to the same period last year.

Revenue in general staffing was up 17.5% on a year-on-year basis....

AD1 Holdings Q4 cash receipts show improvement following cost reduction strategy

Australia-based AD1 Holdings (AD1:AU), announced a business update for the fourth quarter and full year ended June 2022, reporting group unaudited total revenue of approximately AUD 7 million (USD 4.7 million) for the year.

The group’s Art of Mentoring (AoM) division reported revenue increased 34% year-on-year....

Saramin enters part-time job matching market with acquisition of South-Korea based Lara Job

South Korean job board Saramin, previously known as Saramin HR, announced it has entered the part-time job matching business with the acquisition of Lara Job, based in Seoul.

Lara Job, operates part-time job matching platform 'Neighbourhood Alba'. 

At its board meeting held on the 25th, Saramin approved...

Taiwan’s seasonally adjusted jobless rate improves to 3.45% in June

Taiwan’s seasonally adjusted unemployment rate in Taiwan fell to 3.45% in June 2023, down from 3.73% in June 2022, according to data from the Directorate General of Budget Accounting and Statistics (DGBAS).

On a monthly basis, the seasonally adjusted unemployment rate declined by 0.05% to 3.45%.

When...

Freelancer H1 revenue falls 7.3% with declines in online marketplace and Escrow businesses

Australia-based Freelancer (FLN: ASX) reported net revenue for the six months ending 30 June 2023 of AUD 27.1 million (USD 18.3 million), down 7.3% compared to last year.

Revenue in the Freelancer (online marketplace segment) and Escrow (online payment services segment) operations declined.

The group also...