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.
Specifically, the deployment of internal AI tools customised for employees has become a defining characteristic of innovative organisations dedicated to maintaining a competitive edge in the digital era.
In the rapidly evolving corporate landscape , companies are increasingly focusing on refining their employee benefits strategies to meet changing expectations and retain top talent.
With a focus on job and income security, 55% of Malaysians expressed their willingness to stay satisfied in their present position, even if it lacked avenues for career progression.
Developing a comprehensive change management plan helps minimise operational disruptions during the transition, ensuring a smooth process, advises JLL's Lim EeTiong.
With over 20 years of experience in Human Resources, Audrey Lim held regional and global roles in multinational corporations across Singapore, China, and Indonesia.
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