Singapore’s newest university graduates are entering an increasingly difficult job market, with some turning to government-funded traineeships that pay less than half the median starting salary for degree holders as artificial intelligence
Morgan Stanley has laid off approximately 2,500 employees, representing about 3 percent of its global workforce, in a move that comes even as the investment banking giant reports strong financial performance. The
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Saudi Arabia has announced a major overhaul of its labour enforcement penalties, aiming to tighten oversight of employment practices and protect workers’ rights. The Ministry of Human Resources and Social Development declared
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The human resources industry in the United Kingdom has grown so large that it is now almost twice the size of the equivalent sector in the European Union and 60 per cent
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Billions of dollars were erased from the stock market value of US-listed technology and financial firms on Monday after a Substack post outlining a pessimistic scenario for artificial intelligence and the American
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Sri Lanka’s garment industry is bracing for a major upheaval as MAS Holdings, one of the country’s largest apparel manufacturers, announced plans to close two factories and reduce staff at another, putting
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HSBC has cut roughly 10 percent of its US-based debt capital markets team, laying off at least six employees in New York as the bank intensifies a sweeping global restructuring designed to
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Sri Lanka’s police service is grappling with a severe personnel crisis, with 40,613 vacant positions hampering operations across several departments, notably the Criminal Investigation Department (CID). The total sanctioned strength of the
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Amazon has halted its Blue Jay warehouse robotics initiative only months after publicly unveiling the technology, underscoring that not all of the company’s aggressive automation bets are paying off despite its vast
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The United Kingdom is confronting mounting fears of a long-term economic and social fallout after youth unemployment climbed to its highest level in more than a decade, with economists warning that hundreds
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A major industrial confrontation is unfolding in Sri Lanka as the Locomotive Operating Engineers Union announced that it will launch trade union action starting at midnight on the 18th, triggering concerns over
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