The sports car manufacturer had already taken steps to reduce its workforce last year by not renewing temporary contracts. However, worsening market conditions have forced deeper cuts.
The latest round of job reductions follows ongoing cuts in HSBC’s markets division and will be executed in stages, with the first phase beginning as early as February 17.
As AI becomes more embedded in daily workflows, Microsoft’s researchers caution that long-term reliance could reduce workers’ ability to engage deeply with tasks. The risk is especially high in repetitive processes where users delegate thinking to AI without questioning outputs.
McKinsey’s global managing partner, Bob Sternfels, reassured employees last week that the firm’s commitment to diversity remains unchanged. In an internal email described to The Australian Financial Review, Sternfels emphasized that McKinsey continues to believe in the value of diversity.
The rollback of DEI initiatives across major corporations signals a shift toward integrating diversity into broader talent strategies, emphasizing business outcomes over standalone programs.
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.
As a recruiter, LinkedIn is a double-edged sword. While it provides unmatched access to talent, it also brings its own set of challenges. To leverage LinkedIn effectively in 2025, it’s crucial to recognize both its strengths and limitations and use a strategic approach.