Wipro Q4 revenue falls 4.2% amid challenging environment

India-based IT services giant Wipro Ltd. (NYSE: WIT) today reported revenue fell by 4.2% year over year in its fiscal fourth quarter ended 31 March 2024. Revenue totalled INR 222.1 billion (USD 2.67 billion) during the period.

OECD employment rate stable in Q4

The employment and labour force participation rates in the Organisation for Economic Co-operation and Development remained broadly stable quarter-on-quarter. The employment rate was 70.1%  while the labour force participation rate was 73.8% in the fourth quarter of 2023, the highest levels recorded...

Hong Kong’s jobless rate remains low at 3.0% in March quarter

Hong Kong’s seasonally adjusted unemployment rate stood at 3.0% in the period from January - March 2024, down slightly from 3.1% during the same period a year ago, according to the latest labour force statistics published by the Census and Statistics Department.

Compared to the previous three-month...

China lays out 3-year plan to build digital workforce

China has launched a three-year action plan to nurture and attract digital talent and workers in its tilt towards an innovation-driven economy, reports the South China Morning Post, citing a Chinese government circular. China will launch an array of programmes and campaigns until 2026 to train digital...

Infosys Q4 revenue flat, acquires in-tech

Global IT services provider Infosys Ltd. (NYSE: INFY) reported revenue today of $4.56 billion for the fourth quarter ended 31 March 2024, an increase of 0.2% on a reported basis and flat on a constant currency basis.

The Bengaluru, India-based firm also announced today that it signed a definitive agreement...

Renrui Human Resources full year revenue climbs 23%

Renrui Human Resources Technology (6919: HKG), a China-based flexible staffing services provider announced its results on 27 March for the year ended 31 December 2023. Total revenue of the group amounted to approximately RMB 4.47 billion (USD 617.8 million), a year-on-year increase of 22.9%. ...

Australia’s March unemployment rate ticks up to 3.8%

Australia’s seasonally adjusted unemployment rate in March 2024 increased by 0.3% year-on-year to 3.8%, according to the latest data from the Australian Bureau of Statistics.

Month-on-month data showed the seasonally adjusted unemployment rate rose by 0.1%.

Overall, the number of unemployed persons totalled...

Layoffs planned by Google and Toshiba

Google is reportedly laying off an unspecified number of employees, according to Reuters, citing a company spokesperson. This marks the latest cuts at the technology giant as it cracks down on costs. The Google spokesperson said the layoffs are not company-wide and that affected employees will be able...

More women to work in Indian Global Capability Centres

The proportion of women in technology roles within global capability centres (GCCs) in India is poised to rise from 25% of the workforce to 35% by 2027, reports The Business Standard, citing a recent report by TeamLease Digital. GCCs are essentially the in-house technology outposts of multinational corporations,...

White-collar hiring in India slips despite oil and gas growth

White-collar hiring in India decreased by 8% in March 2024 compared to March 2023, according to the latest Naukri JobSpeak Index.

March's data showed the Naukri JobSpeak Index stood at 2,657. This was a 4% dip compared to the previous month.

The report showed that hiring in the oil & gas sector increased...