In an unrelated civil court case, a former HR leader at IBM has said that massive layoffs were part of an effort to appeal to millennial talent.
There's a big focus on business transformation at the moment, but research from DDI reveals that the HR department is itself in need of change.
Nissan is set to cut jobs worldwide in an attempt to reduce financial losses. The car giant has seen its worst results over the first half of the year.
French banking group Société Générale is reportedly planning to cut 1,500 in its corporate and investment banking business.