The newly released World Employment and Social Outlook: Trends 2025, sheds light on the deceleration of the global economy. This is impacting labour markets and stalling progress on recovery from previous economic downturns. In 2024, global employment expanded in line with a growing labour force, keeping the unemployment rate steady, similar to the previous year. … Read more
Although they have had two years to prepare for the incoming legislation, a study has today revealed that a significant minority of UK financial services organisations are set to miss the 17 January 2025 deadline to comply with the European Union’s (EU’s) Digital Operational Resilience Act (DORA). According to the Censuswide survey commissioned by … Read more
Two separate announcements have highlighted the aggressive cost-cutting measures banks are putting in place as digital technologies replace thousands of people from the back-office of their organisations. Bloomberg Intelligence’s recent report predicts 200,000 middle and back-office jobs will be lost to artificial intelligence (AI), while Lloyds Bank’s branch announcement means more closures – and job … Read more