Latest Economic Slowdown HR Trends, workforce insights, and expert analysis. Stay updated with the latest news on Economic Slowdown.
Just when we believed the world was settling down to a semblance of normalcy after the Covid crisis ...
Inflation? Recession? COVID variants? Hybrid work? Political upheavals? Natural disasters? Technol...
Impact? It is all probable no direct or indirect correlation would be justifiable at this juncture....
In Conversation with Parag Bengali, Director – HR & Finance at Bisleri International Pvt. Ltd on Recession Fear Parag Bengali is Director – HR & Finance at Bisleri International Pvt. Ltd. He comes with over three decades of industry experience. He has been responsible for talent management and capability development. He has been associated with […]
According to Bloomberg, An American multinational conglomerate operating in the fields of industry, 3M is planning Job cuts and Layoffs. It is expected that the company plans to realign and reduce its structure from the safety and industrial division. According to the message, 3M is planning to streamline its portfolio and rethink business processes, as […]
In Conversation with S.V. Nathan, Partner, and Chief Talent Officer, Deloitte India on Impact of US Recession on Indian Job Market S.V. Nathan has over three decades of experience in HR management, across diverse industries including Manufacturing, Hospitality, IT, Telecom, and Professional Services. He is a respected voice of the HR profession in India, […]
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 […]
