Study also reveals that 10% of roles hired in 2024 are in job categories that didn’t exist in 2000, such as social media manager, data scientist, AI engineer, and sustainability manager.
The bulk of these cuts will affect technology roles with additional reductions anticipated within Visa's merchant sales and global digital partnership departments.
Although he refrained from specifying the exact number of jobs to be cut, CEO Georges Elhedery recognized the necessity for a "de-duplication of governance."
The demand for tech talent, especially in AI and cybersecurity, is rising, while in-office roles now offer premiums to incentivize a return to physical workplaces. To attract and retain top talent, employers must invest in continuous learning and comprehensive compensation packages.
As we prepare for TRWC 2024, let’s learn from The Devil Wears Prada about workplace dynamics, the need for flexibility, and prioritising employee well-being for sustainable growth.
Building for the future requires HR to think big. This starts by redefining the vary tenets of talent management in light of newer business and technological realities. We bring you an exclusive guidebook that helps you prepare for the future.
HR is a driving force in accelerating business evolution. But are leaders moving fast enough? Holger Mueller delivers a powerful keynote at TechHR Singapore 2022.
The survey found that over half (54%) of Australian businesses have not adopted Agile methodologies, leading to significant productivity issues. Miscommunication, particularly unclear project requirements and colleague misunderstandings, affects 33% of respondents' ability to complete work weekly.