SEATTLE – More than two years after remote work and hybrid jobs became widespread, there is still a stark divide over how it is going: About 85 per cent of managers worry they cannot tell if employees are getting enough done, while 87 per cent of workers say their productivity is just fine. That was the […]
SINGAPORE – More than 20 Axa Singapore employees have been told their roles have become redundant and will be terminated, The Straits Times has learnt. The last day of their employment with HSBC, Axa Singapore’s parent company, will be Nov 30, the affected staff were informed on Thursday.
NEW YORK (BLOOMBERG) – There is a new way to cope with the guilt of firing your employees – a LinkedIn post letting your network know you feel miserable about it. Mr Braden Wallake, chief executive officer of a marketing agency called HyperSocial, wrote a guilt-filled post on Tuesday (Aug 9) about laying off employees […]
SINGAPORE – Bosses shouldn’t need reminding but they should treat their most critical employees well because when they jump ship, as one star worker did here recently, they can cause big drops in revenue. The Singapore company has been making good profits because it knows how to obtain cheaper products from overseas suppliers before selling […]
SAN FRANCISCO (BLOOMBERG) – With recession fears mounting – and inflation, the war in Ukraine and the lingering pandemic taking a toll – many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and even starting layoffs. TechCrunch reported earlier in July that over 30,000 tech workers have […]
SINGAPORE – Three senior officers left AXA Singapore in June following the firm’s exit from the motor and general insurance business. Chief digital and transformation officer Tomasz Kurczyk, who joined the French insurer 10 years ago, confirmed his resignation but declined to comment further.
SAN FRANCISCO (BLOOMBERG) – Tesla laid off hundreds of workers on its autopilot team as the electric vehicle (EV) maker shuttered a California facility, according to sources familiar with the matter, one of the larger known cuts amid a broad workforce reduction. Affected employees were notified on Tuesday (June 28), according to the sources, who […]