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Recent Editions
Human Times
North America
IBM has announced plans to reduce its workforce by potentially thousands of positions in the fourth quarter as it shifts focus towards its more profitable software sector. Despite a 35% increase in its shares this year, the company has faced a slowdown in its key cloud software growth, raising concerns among investors about future performance. CEO Arvind Krishna said that the job cuts would represent a low single-digit percentage of the global workforce, which stood at approximately 270,000 employees at the end of 2024.
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Human Times
UK
A major review into Britain's employment crisis warns that every young person who drops out of work due to long-term sickness costs the state £1m over their lifetime. The report, led by former John Lewis chairman Sir Charlie Mayfield, found that rising ill health - particularly mental health issues among 16- to 34-year-olds - is driving record levels of economic inactivity, with 800,000 more people now out of work for health reasons than in 2019. The cost to the economy has reached £212bn a year, or 7% of GDP, with projections showing a further 600,000 could leave the workforce by 2030 without urgent intervention. Mayfield warned that Labour's planned expansion of workers' rights could heighten employer risk aversion and urged the government to fast-track alternative dispute resolution mechanisms. The review calls for a new workplace health system backed by major employers to support mental health, retain older and disabled workers, and promote long-term participation in employment.
Full Issue
Human Times
Europe
A major review into Britain's employment crisis warns that every young person who drops out of work due to long-term sickness costs the state £1m over their lifetime. The report, led by former John Lewis chairman Sir Charlie Mayfield, found that rising ill health - particularly mental health issues among 16- to 34-year-olds - is driving record levels of economic inactivity, with 800,000 more people now out of work for health reasons than in 2019. The cost to the economy has reached £212bn a year, or 7% of GDP, with projections showing a further 600,000 could leave the workforce by 2030 without urgent intervention. Mayfield warned that Labour's planned expansion of workers' rights could heighten employer risk aversion and urged the government to fast-track alternative dispute resolution mechanisms. The review calls for a new workplace health system backed by major employers to support mental health, retain older and disabled workers, and promote long-term participation in employment.
Full Issue
Human Times
Middle East
Iran’s President Masoud Pezeshkian has tasked his government to carry out feasibility studies on moving the capital out of Tehran, saying environmental challenges have made the megacity of 10m unlivable.
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