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Economic Slowdown: HR News, Trends & Workplace Insights

Latest Economic Slowdown HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Economic Slowdown.

Updated on: Jun 2023
Amid global challenges, India a silver lining HULs Nitin Paranjpe
Industry

Amid global challenges, India a silver lining HULs Nitin Paranjpe

Jun 27, 2023

Hiring trends positive for July-September quarter amidst layoffs

According to the ManpowerGroup Employment Outlook Survey was released the labour market is indicatin...

Survey & Report
Jun 14, 2023
Hiring trends positive for July-September quarter amidst layoffs

Prioritising Workforce Upskilling in an Economic Downturn

In an economic downturn, companies often focus on cost-cutting measures such as layoffs and reducing...

Economic Slowdown
Feb 9, 2023
Prioritising Workforce Upskilling in an Economic Downturn

Companies Layoff over , employees in days this year

According to media reports on layoff, In the first half of the year that is from January to Jun...

Industry
Jan 21, 2023
Companies Layoff over , employees in days this year
Trouble for Indian IT Sector, Accenture’s below estimate guidance…
Industry

Trouble for Indian IT Sector, Accenture’s below estimate guidance…

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 […]

Dec 19, 2022
Meta cuts employees’ benefits to reduce cost
Compensation

Meta cuts employees’ benefits to reduce cost

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 […]

Dec 16, 2022
Amazon shuts down its wholesale business in India
Industry

Amazon shuts down its wholesale business in India

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 […]

Dec 1, 2022
Amazon to shut online learning vertical in India
Industry

Amazon to shut online learning vertical in India

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 […]

Nov 24, 2022
Is the Economic Conundrum Shaping your Reward Agenda?
Compensation & Benefits

Is the Economic Conundrum Shaping your Reward Agenda?

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 […]

Sep 19, 2022
Changing Role of HR in Global Recession
Economic Slowdown

Changing Role of HR in Global Recession

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 […]

Sep 16, 2022
5 H of Employee Retention Plan to Win Tough Times
Employee Retention

5 H of Employee Retention Plan to Win Tough Times

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 […]

Sep 14, 2022
How Can HRs be Prepared for a Recession in India?
Economic Slowdown

How Can HRs be Prepared for a Recession in India?

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. […]

Sep 13, 2022
Winning Talent Management Strategies During Global Downturn
Economic Slowdown

Winning Talent Management Strategies During Global Downturn

The Job Demands-Resources (JD-R) Model by Arnold Bakker and Evangelia Demerouti has always fascinated me. People will be engaged when Job Demands i.e., an emotionally, mentally, or physically demanding job, job complexity, and work pressure are compensated with a similar (or higher) level of Job Resources i.e., autonomy, performance feedback, social support, coaching, relevant knowledge.  […]

Sep 12, 2022