HypeFast lays off 30% of staff amid profitability
HypeFast Co-founder and CEO, Achmad Alkatiri explained that this move was not easy but important for the organisation to stay profitable, hit a positive cash flow and to continue generating revenue growth. Founded in January 2020, Hypefast helped local brands to generate over 500 million rupiah (US$32,627) in revenue, facilitating their business growth, particularly within […]
High unemployment rate in PH despite gov’t job openings
Confirmed by Civil Service Commission (CSC) Chairman Karlo Nograles during the agency’s proposed budget hearing of P2.06 billion for 2024 before the House Committee on Appropriations on August 17th. According to him, “The number of vacancies as of June 30, 2023, including the national government agencies, government-owned and controlled corporations, state universities and colleges, local […]
Moving On Up: New HR leaders at Marriot International & Ayala Land, Inc.
Here’s what’s new, and who’s changing roles and stepping up across the HR community in Southeast Asia. Andrew Newmark Chief Human Resources Officer Marriott International Singapore Newmark has been appointed Chief Human Resources Officer, Asia Pacific (excluding China). With more than 30 years with Marriott, Andrew will lead the company’s Human Resources function in the […]
Male employees in Singapore more worried about job security, report says
Male employees in Singapore are reportedly experiencing higher levels of anxiety regarding job security compared to their female counterparts, according to a recent report by ADP. Yvonne Teo, Vice President of HR, APAC, ADP, this perception from male employees can be attributed to their role as primary breadwinners in the family, the lay-offs happening at […]
The Reading List: Global news, tech innovations, business trends you need to know and more
Here is some light reading material curated by Chief of Staff Asia to keep you updated over the weekend. Exclusive: Credit Suisse to cut 80% of Hong Kong investment bank jobs from this week | Reuters According to the report that Reuters posted on Aug 7., around 80% of Hong Kong-based investment banking staff at […]
Huneety’s first pre-seed round tackles skilled worker shortage in SEA
Investor Amit Lal Singh will lead the first pre-seed funding round of Huneety. This is the first funding round for Huneety, funded in Thailand by French entrepreneurs Simon Carvi and Vianney d’Hostel. The investment was facilitated by Singapore’s investment matchmaking platform WOWS Global. Huneety is a HRTech platform already active in Thailand and Indonesia since […]
Lucasfilm closing down Singapore operations, 300+ employees affected
Lucasfilm is in the process of winding down its Singapore operations, marking the end of its nearly two-decade presence in the country. Citing economic factors impacting the industry, parent company Disney has revealed this decision. The heart of Lucasfilm’s presence in Singapore has been its visual effects and animation studio, known as Industrial Light & […]
Bossjob’s chat-based recruitment platform launches in Singapore
“We are delighted to bring the transformative power of Bossjob to Singapore, a market known for its vibrant and dynamic workforce,” said Kiat How Quak, Bossjob’s co-founder and COO. “Our innovative chat-driven platform, coupled with our commitment to simplifying the job search process, will undoubtedly reshape the recruitment landscape in Singapore.” Bossjob’s expansion into Singapore […]
Moving On Up: New HR leaders at SEPHORA SEA & Teleperformance
Here’s what’s new, and who’s changing roles and stepping up across the HR community in Southeast Asia. Narumol Sunanchai Head of Human Resources & Education […]
Qoala adapts with workforce trim, layoffs 80 employees
Qoala, one of the players in the Indonesian insurtech sector, has decided to reevaluate its workforce composition and streamline its operations to better align with current market trends. The decision to lay off 80 employees in Indonesia and Malaysia was not taken lightly, as Qoala understands the impact on the affected individuals and their families. […]
