Latest Economic Slowdown HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Economic Slowdown.
According to the ManpowerGroup Employment Outlook Survey was released the labour market is indicatin...
In an economic downturn, companies often focus on cost-cutting measures such as layoffs and reducing...
According to media reports on layoff, In the first half of the year that is from January to Jun...
IT services and consulting, Accenture reported financial results for the first quarter of fiscal 2023, which ended November 30, 2022, with revenues of $15.7 billion, an increase of 5% in U.S. dollars and 15% in local currency over the same period last year. Business Outlook Accenture expects revenues for the second quarter of fiscal 2023 […]
An American multinational technology conglomerate, Meta to reduce cost, is reportedly planning to cut employee benefits that cover mental health costs and “work-life balance needs.” As per reports, The company is slashing its “Life@ benefit” funds from $3,000 (Rs 2.43 lakh) to $2,000 (Rs 1.65 lakh) in 2023. This is due to poor macroeconomic conditions as […]
The e-commerce company, Amazon is shutting down its wholesale distribution business in India. This is part of the annual operating planning review process and cost-cutting measures. This has been operating the distribution vertical in three cities Bengaluru, Mysuru, and Hubli. The company is currently working on cost-cutting measures amid the economic slowdown. This is the third […]
An American multinational technology company focusing on e-commerce, Amazon has announced the closure of its online learning academy in August 2023. The Amazon Academy platform was a learning platform for high-school students in India. Amazon will be closing its online learning academy within less than two years of its launch. The company has not given […]
We live in a yo-yo world. Great resignation was the biggest headline in the HR world just a few months ago and now it’s the great “deprecession”. If only there was a crystal ball to gaze through and understand which side of the spectrum we stand. Is it depression or recession or a bit of […]
Recession times are tough for organizations and employees. The role of Human Resources during an economic downturn is challenging because it must prepare the company for potential cost-cutting while at the same time not allowing the HR department to jeopardize growth opportunities. Recession encourages companies to take more risks and it is also an opportunity to […]
While the world is staring at recession, India’s growth story continues to shine. According to a recent survey by Bloomberg, the probability of India slipping into recession is zero. Most forecasts including the recent one from IMF have predicted India’s GDP growth for FY 23 to be more than 7%. As the world stares at recession, the […]
Though it’s not uncommon to hear the predictions of a worldwide recession, it is also true that India is considered to be one of the most resilient economies when it comes to recession. Simply put, recession means an economic decline for a few consecutive months, thereby adversely impacting businesses, real GDP, sales, and consumer sentiment. […]
