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Recent Editions
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Human Times
North America
Glassdoor and Indeed to cut 1,300 jobs amid AI integration

The Japanese parent of Indeed and Glassdoor is to cut 1,300 roles across the two job sites amid a shift toward artificial intelligence, according to a memo seen by Reuters which detailed that the cuts are mostly in the U.S. and within the research and development, growth, and people and sustainability teams. Recruit Holdings did not provide a specific reason for the layoffs, but CEO Hisayuki "Deko" Idekoba said "AI is changing the world, and we must adapt by ensuring our product delivers truly great experiences for job seekers and employers."

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Human Times
UK
Labour market shows signs of cooling

The UK labour market is experiencing a significant slowdown, with the supply of available workers increasing at the fastest rate in nearly five years. According to analysis by KPMG and the Recruitment and Employment Confederation (REC), there has been a decline in permanent vacancies and reduced demand for employees. Consequently, wage growth in the private sector has slowed from 5.5% to 5.3%, marking the slowest pace in four months. Neil Carberry, chief executive of the REC, noted that companies are hesitant to hire due to "the scar tissue left by the spring tax hikes and fear of further business tax rises." Jon Holt, group chief executive and UK senior partner at KPMG, said the threat of rising employment costs is contributing to a "wait and see" approach among employers. Official jobs market figures show unemployment rose to a four-year high of 4.6% in the three months to April, up from 4.5% in the previous three months. 

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Human Times
Europe
Deep cuts agreed in major overhaul at Thyssenkrupp

German industrial giant Thyssenkrupp and the IG Metall labour union have reached an agreement on reduced working hours, lower bonus payments and site closures as part of a push to overhaul the country's largest steelmaker and prepare it for a standalone future. The agreement comes after Thyssenkrupp's announcement that up to 11,000 jobs at the TKSE steel unit, or around 40%, had to be cut or outsourced and that annual production capacity would be lowered to 8.7-9.0 million tons from 11.5 million tons. "We went to the pain threshold and only made concessions where it was really necessary in order to secure jobs and locations," said Tekin Nasikkol, head of Thyssenkrupp's works council and member of the group's supervisory board, adding "We have now created the conditions for the company to emerge from the difficult situation out of its own strength."

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Human Times
Middle East
Growing demand for professionals who can perform tasks that drive business growth

UAE companies are increasingly prioritising professionals who can deliver tangible results over visionary thinkers, particularly in sectors including artificial intelligence, finance, and real estate. Dr Trefor Murphy, founder and chief executive of Cooper Fitch, observes: "The biggest shift we've observed is that organisations are moving away from 'vision hiring' and focusing more on recruiting individuals who can deliver on current projects." The trend reflects a growing demand for hands-on professionals who drive business growth. The UAE led job growth in the GCC with a 4% increase in hiring in the second quarter, while other countries like Saudi Arabia and Oman saw only 2% growth. Notably, there has been a rise in senior finance and in-house legal roles, with companies opting to build internal teams rather than relying on external law firms. Furthermore, AI-specific roles are being created on a significant scale for the first time.

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