Latest Economic Slowdown HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Economic Slowdown.
In Conversation with Parag Bengali, Director HR amp Finance at Bisleri International Pvt. Ltd on...
According to Bloomberg, An American multinational conglomerate operating in the fields of industry, ...
In Conversation with S.V. Nathan, Partner, and Chief Talent Officer, Deloitte India on Impact of US ...
As per the World Economic Outlook published by IMF, the global growth is projected to slow down from an estimated 6.1 percent in 2021 to 3.6 percent in 2022 and 2023 and the trend is expected to follow in the medium term. After more than two years of the pandemic, the war in Ukraine and […]
The chief human resources officer (CHRO) and other HR professionals now play a more important role in helping CEOs manage workers now more than ever because of the issues of the pandemic and the economic downturn that has impacted businesses. This has given the perfect storm of cultural change, employee stress, business problem, and opportunity. […]
The social media and technology company, Meta Platforms (META) CEO Mark Zuckerberg informed the employees that the company has cut plans to hire engineers by at least 30% this year. The company has reduced its target for hiring engineers in 2022 to around 6,000-7,000, down from an initial plan to hire about 10,000 new engineers, […]
The US economy will likely fall into a mild recession by the end of 2022 as the Federal Reserve raises rates to tame prices, according to economists at Nomura Holdings Inc. Nomura warns that financial conditions will tighten further, consumers sentiment is souring, energy and food supply distortions have worsened and the global growth outlook […]
Popular global audio streaming service, Spotify Technology Chief Executive Officer Daniel Ek has informed the staff that the company will reduce its hiring by 25%. Daniel said, “Spotify would reduce hiring growth by 25%. The company would continue to still hire and grow, we are just going to slow that pace and be a bit […]
The Important Role of HR in Mergers & Acquisitions in 2021 After a slowdown in 2020 due to the Covid-19 crisis and its impact on global economy most experts expect a strong increase of mergers & acquisitions in 2021 in many industries on national and international level. For this reason, it is appropriate to remember […]
No one saw the recession coming- Gordon Ramsay Very apt to understand that nobody is or can be actually fully ready as we don’t see it coming. This is where and why HR has been more predictive, intuitive, and prepared to meet the need of time. It’s wise to PREPARE for the worst and sail […]
In conversation with Dave Ulrich on 10 emerging leadership skillsets of the future Dave Ulrich, the Rensis Likert professor of business at the Ross School of Business, University of Michigan and co-founder of The RBL Group. He has published over 200 articles and book chapters and over 30 books on organization, talent, leadership, and HR… He edited Human Resource […]
MakeMyTrip announced that it is laying off about 350 employees due to the global travel ban because of the COVID-19 pandemic. Gurugram based, online travel aggregator MakeMyTrip is laying off around 350 employees, or 10% of its workforce, citing business slowdown due to the global travel restrictions to combat the spread of COVID-19. Group Executive […]
IBM confirmed, it is cutting an unspecified number of jobs, but wouldn’t provide details related to location, departments, or the number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Several business media sites, including the Wall Street Journal and […]
IT firm, HCL has emphatically declared that despite the slowdown, and the economic impact of coronavirus, they will pay all promised bonuses all 150,000 employees, will honour the nearly 15,000 job offers already made to freshers, and no salary cuts for any employee. Apparao VV, Chief Human Resources Officer, HCL said that HCL won’t roll […]
From wildfires in Australia to the downward spiral of crude oil prices to COVID-19 outbreak – the year 2020 has given a rough start. All these events have managed to destabilize the global economy. These are the times to reassure employees of how their organization stands by them amidst all the chaos. Here are a […]
