This represents the company's second set of workforce reductions in the current year, demonstrating its dedication to cost-saving measures amid challenging economic conditions in the EV industry.
The decision represents a significant turnaround for Wall Street banks in Asia, who had previously expanded their operations to take advantage of increasing dealmaking.
In the rapidly evolving corporate landscape , companies are increasingly focusing on refining their employee benefits strategies to meet changing expectations and retain top talent.
Developing a comprehensive change management plan helps minimise operational disruptions during the transition, ensuring a smooth process, advises JLL's Lim EeTiong.
The deal with Airbus to postpone the delivery of jets until 2030-2031 is anticipated to generate substantial liquidity advantages, estimated to be around $340 million over the following two years.
Moreover, there are reports indicating that Consultant Bain has provided financial incentives to newly hired employees, encouraging them to delay their start dates.
Global salary projections for 2024 reveal a spectrum of trends, from booming raises in India and Vietnam to a more cautious outlook in the US tech sector. We bring you insights from reports by Michael Page India, Aon, Mercer, and ManpowerGroup.
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