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Managers in Australia have faced layoffs at a disproportionate rate over the past 12 months. Despite overall employment growth rising by 5.4% year-on-year to August 2023, job titles including the word "manager" saw a 7.1% decline.
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The timing of these layoffs is particularly controversial, given that IAG has reported significant profits for the financial year ending in August 2024. The company’s full-year net profit reached $898 million, a 7.9% increase from the previous year.
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For Samsung employees in Australia and New Zealand, the layoffs represent a significant blow. Both countries have been key markets for the company’s consumer electronics and telecommunications divisions. Australia, in particular, has served as a vital hub for Samsung’s regional operations.
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The restructuring follows similar actions by PwC, which also cut 50 jobs in New Zealand due to declining demand for its government advisory services, raising concerns about the broader labour market dynamics in the region.
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Sanjay Sanghvi suggests that HR information systems (HRIS) like Workday or BambooHR can effectively track voluntary turnover rates, average employee tenure, and exit interview data. Analyzing retention rates across various departments, demographics, and locations helps assess the effectiveness of the EVP throughout the organization.
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Amazon employees have long resisted office-return mandates. In 2023, corporate staff even staged a walkout to protest an earlier plan that required partial in-office attendance.
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As of July 1, 2024, Kāinga Ora employed 3,438 staff members, and the upcoming cuts have raised significant concerns about morale and job security within the agency.
