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Recent Editions
Human Times
North America
The Walt Disney Co. has begun a round of layoffs that will see the elimination of 1,000 jobs across various divisions, including television, movie studios, and ESPN. Chief Executive Josh D'Amaro informed staff about the cuts on Tuesday morning. “Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” D'Amaro said. “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow's needs . . . As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.” He added: “Compassion and respect remain at the heart of our company . . . As we move forward through this transition, our priority is to support those impacted and help each person navigate what comes next with resources, guidance, and direct support.”
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Human Times
UK
PwC plans to overhaul its global consulting business in a bid to eliminate the sometimes disjointed service when its national firms work together, which bosses view as a competitive disadvantage. The firm aims to standardise offerings and enhance shared technology platforms, with a focus on using staff from lower-cost locations such as India. The Big Four's consulting groups operate as networks of locally owned partnerships, serving under the broader international organisation. This can make serving multinational clients complicated. PwC's UK arm has reportedly told staff that it will merge its risk and consulting divisions, bringing together two of its three advisory businesses alongside audit and tax. The firm said the move is in response to growing client demand for "globally integrated advisory services." Marco Amitrano, PwC UK's senior partner, said: "This decision is about global alignment."
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Human Times
Europe
Renault plans to reduce its engineering workforce by as much as 20%, resulting in up to 2,400 job losses over the next two years. The French carmaker said it aims to enhance its competitiveness against Chinese electric vehicle manufacturers. A spokesperson confirmed that the cuts would not involve forced layoffs, and the development of new technologies and fundamental design work would remain in France. Last month, Renault CEO Francois Provost announced a major restructuring, and said his intention was to "compete with Chinese vehicle manufacturers in terms of innovation, cost and speed."
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Human Times
Middle East
PwC plans to overhaul its global consulting business in a bid to eliminate the sometimes disjointed service when its national firms work together, which bosses view as a competitive disadvantage. The firm aims to standardise offerings and enhance shared technology platforms, with a focus on using staff from lower-cost locations such as India. The Big Four's consulting groups operate as networks of locally owned partnerships, serving under the broader international organisation. This can make serving multinational clients complicated.
Full Issue