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Top related persons:
payrises - 1 Lavanya - 1 Chen Lin - 1 Varun H - 1 Kanupriya Kapoor - 1 Bhushan Sethi - 1 Gen - 1 Divya Chowdhury - 1
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☆ Singapore's Grab plans biggest round of job cuts since pandemic - Bloomberg News
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: +1 min
SINGAPORE, June 20 (Reuters) - Singapore-based Grab Holdings (GRAB.O) is preparing its biggest round of job cuts since the pandemic, Bloomberg News reported on Tuesday, citing people familiar with the matter. Southeast Asia's leading ride-hailing and food delivery app had in February forecast upbeat 2023 revenue and pulled forward its profitability timeline. In September it said it had no plans to undertake mass layoffs despite the weak market. There were 11,934 staff at Grab as of end 2022, according to its latest annual report. Reporting by Lavanya Ahire in Bengaluru, Chen Lin in Singapore; Editing by Varun H K, Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
Persons: payrises, Lavanya, Chen Lin, Varun H, Kanupriya Kapoor Organizations: Bloomberg, Thomson Locations: SINGAPORE, Singapore, Indonesia, Thailand, Bengaluru
☆ 'Great Resignation' continues as quarter of workers look to change jobs - PwC
  + stars: | 2023-06-19 | by ( Divya Chowdhury | ) www.reuters.com   time to read: +2 min
MUMBAI, June 20 (Reuters) - A quarter of workers surveyed by PwC expect to change jobs in the next 12 months, up from 19% last year, as they are increasingly left cash-strapped in a cooling economy while dealing with inflationary pressures. Even as the 'Great Resignation' continues, around 42% of the employees surveyed by PwC in its new study of the global workforce said they are planning to demand payrises to cope with the higher cost of living, up from 35% last year. "With the ongoing economic uncertainty, we see a global workforce that wants more pay and more meaning from their work," said Bhushan Sethi, joint global leader of PwC's people & organization practice. Around one worker in five is doing multiple jobs, with 69% of those saying they were doing so for additional income. Among the workers surveyed who were doing better financially, more than one-third said AI will improve their productivity, while a quarter expected AI to create new job opportunities.
Persons: Bhushan Sethi, Gen, Divya Chowdhury, Jan Harvey Organizations: PwC, Survey, Workers, Reuters Global, Thomson Locations: MUMBAI, Mumbai
☆ Westpac ditches cost-cutting target, says profit margins to thin
  + stars: | 2023-05-07 | by ( Byron Kaye Roushni Nair | Byron Kaye | Roushni Nair | ) www.reuters.com   time to read: +3 min
May 8 (Reuters) - Australia's Westpac Banking Corp (WBC.AX) on Monday threw out a cost-cutting target citing inflation and flagged thinner profit margins going ahead, but investors pushed its shares higher after it handily beat expectations for first-half profit. Westpac shares closed 2% higher, ahead of a broader market advance (.AXJO) of 0.8%, as the market cheered the better-than-expected profit. Costs for Westpac came to A$5 billion for the half, down from A$5.2 billion a year earlier. Westpac declared an interim dividend of 70 Australian cents per share, up from 61 Australian cents last year. ($1 = 1.4810 Australian dollars)Reporting by Roushni Nair in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
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