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Recent Editions
Human Times
North America
Accenture has started calling its nearly 800,000 employees “reinventors”, as the New York-listed consultancy overhauls itself to adapt to the explosion of artificial intelligence and advises companies adopting the technology. The Guardian notes that Accenture CEO Julie Sweet told investors in September that the firm would “exit” employees who were not getting the hang of using AI at work. The group said it was training staff in generative AI fundamentals, but employees for whom “reskilling, based on our experience, is not a viable path for the skills we need” would have to go.
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Human Times
UK
Angela Rayner, the former deputy prime minister, will today propose an amendment to expedite the passage of the Employment Rights Bill. This comes after the Lords forced the watering down of day-one rights against unfair dismissal. After negotiations between unions and business leaders, the qualifying period will now kick in after six months - down from the existing two years. The move was a breach of the Labour party’s manifesto and has angered backbenchers who fear that further concessions on the bill will follow. Rayner will argue that because the compromise position is shortening the current system, it does not need consultation and therefore the change must be implemented more quickly.
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Human Times
Europe
European broadcaster RTL, part of media conglomerate Bertelsmann, plans to cut about 600 full-time jobs in Germany. The cuts are equivalent to roughly 10% of the broadcaster's German workforce. RTL Germany CEO Stephan Schmitter said the cuts would be implemented in a socially responsible manner through a special severance program and early retirement arrangements. "The media market is undergoing profound change,"Schmitter observed.
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Human Times
Middle East
Chief executives in the Middle East are increasingly confident about deploying artificial intelligence responsibly, according to KPMG's latest regional outlook. The report reveals that 88% of Saudi CEOs are optimistic about growth prospects, driven by Vision 2030 reforms and digital transformation. Abdullah Al-Fozan, CEO of KPMG Middle East, noted that business leaders are investing in technology and governance. The study also highlights that 84% of Saudi CEOs feel prepared to implement AI, surpassing the global average of 76%. In the UAE, 84% of CEOs express confidence in economic growth, with a strong focus on AI integration and workforce development.
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