HRM Asia’s top five stories of October, 2019
A unique CEO, advice on trust, and another axe-swinging bank: it has been a busy month for news and views on the modern Asian workplace.
Two Cents: What can we learn from the US Army’s new people strategy?
While it has a reputation as a lean, mean fighting machine of a workforce, the world’s most powerful military is showing its softer side.
WeWork sheds 4,000 jobs as funding concerns grow
Despite the co-working office provider’s problems in the U.S, it is full steam ahead in Singapore as it continues to expand.
Deloitte beefs up its human capital business
The consulting firm has joined forces with Presence of IT to tap into the rapidly growing labour market in Asia-Pacific.
Private equity buyouts lead to worse pay for workers
A new study looking at more than 6,000 private equity deals shows they result in lower salaries and fewer jobs.
Vietnam scrambles to meet skilled labour demand
As the biggest benefactor of the US-China trade war, Vietnam is feeling the squeeze as companies open manufacturing plants in the country.
Two Cents: How long will the gig economy last?
“Gig’’ workers are more likely to be those supplementing existing jobs or earning a little income while looking for full-time job.
Singapore escapes HSBC axe
As 10,000 jobs are cut across the banking group, the Lion City looks to set to survive unscathed in the latest round of downsizing.
Duty-free operator DFS bows to pressure
Hong Kong-based duty-free operator DFS Group has backed down and agreed to pay higher severance pay to laid-off workers in Singapore.
Two Cents: So what exactly is a DAO and do you need one?
A new organisational model that decentralises power and decision-making is gaining popularity in influential circles.
Struggling startup Honestbee owes staff almost $1m
More than 200 former employees are fighting to get back wages from last two months from the Singapore-based online grocery delivery firm.
More job losses across Asia’s banking sector
Financial services industry facing a tough time as firms restructure to deal with digitalisation and weakening economic outlook.
More than 2,000 jobs up in smoke at BAT
British American Tobacco plans to lay off 4% of its workforce including a fifth of senior managers as health fears over vaping grow.
Indonesian unicorn bucks trend and slashes staff
While most billion dollar startups are expanding headcount, Bukalapak is cutting its workforce to become leaner.
US car manufacturing giant slashes 350 jobs in Thailand
General Motors is laying off workers in Southeast Asia’s competitive auto market but pledges its ongoing commitment to Thailand.
Major restructuring at Virgin Australia
The airline has slashed 750 jobs and unveiled a new executive leadership team including a chief experience officer.
IBM accused of widespread age discrimination in the US
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.
Infographic: HR transformation in the spotlight
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 slashes jobs worldwide to cut losses
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.
Société Générale to cut 1,500 jobs, Asia included
French banking group Société Générale is reportedly planning to cut 1,500 in its corporate and investment banking business.