could mean more social unrest. the big boss of global recruitment firm robert waters tells me what companies are demanding of new recruits as they try to keep profits flowing. also, is travel the answer to our economic woes? expedia is one of the biggest travel firms, its big boss will tell me if all that pent up demand is still strong enough to keep us opening our wallets. wherever you arejoining me from, a big hello and welcome. january, it s the time of year when many of us take stock of our lives, and that often involves looking at our careers. is this the year to find a newjob? well, it might not be that easy in 2023. the global economy is teetering on the edge of recession, that s according to the world bank. and a growing number of companies are battening down the hatches and cutting jobs to get through the impending storm. big names are making the headlines, particularly evident in the tech sector, where the likes of amazon, microsoft, facebook s parent meta, and twit
accepted an error with his taxes was careless rather than deliberate . now on bbc news, talking business. hello, welcome to talking business. let s take a look at what is on show. as the global economy falters, is 2023 shaping up to be a year of big drop offs? a growing number of major companies are already laying off workers in their thousands, so our employers also now taking back control of pay and conditions? i will hear from the head of the un international labour 0rganisation about why the globaljobs market is under pressure and why that could mean more social unrest. the big boss of global recruitment firm robert waters tells me what companies are demanding of new recruits as they try to keep profits flowing. also, is travel the answer to our economic woes? expedia is one of the biggest travel firms, it s big boss will tell me if all that pent up demand is still strong enough to keep us opening our wallets. wherever you arejoining me from, a big hello and welcome. j
is 2023 shaping up to be a year of big drop offs? a growing number of major companies are already laying off workers in their thousands, so our employers also now taking back control of pay and conditions? i will hear from the head of the un international labour 0rganisation about why the global jobs market international labour 0rganisation about why the globaljobs market is under pressure and why that could mean more social unrest. the big boss of global recruitment firm robert waters tells me what companies are demanding of new recruits as they try to keep profits flowing. also, is travel the answer to our economic woes? expedia is one of the biggest travel firms, it s big boss will tell me if all that pent up demand is still strong enough to keep us opening our wallets. riveryou enough to keep us opening our wallets. river you arejoining me from, a big hello and welcome. january, the time of year when many take stock of our lives, that often involves looking at our careers
i think is more a correction, technology has been hit, it is right sizing, if i think about my view on this would be nick three years, no question that technology, digitalisation, transformation will continue to be where the heart of a lot of hiring still exist. talking of those lay offs, notjust tech, we have seen recently big tech firms and also big banks, goldman sachs to name one, laying off thousands. do you think that s a sign of things to come? others will follow suit? i m not so sure. we are definitely incautious temperatures at the moment, but. the big central banks in the world, america and europe, they say this yet unemployment will rise, meaning millions of people will lose theirjobs in 2023. they have said they expect a small increase in unemployment, my personal view is because of the shortage of candidates, that is the otherfactor, there is no question economically we are in much tougher
about the big inflation picture, it is softening back last week on my show and i had the head of the international monetary fund, the imf, saying that the negative impact of higher interest rates typically has a lag on the labour market, it takes time for the uninitiated, it takes time to feed through the pipeline. my expertise is recruitment, the fact is when you have a lack of supply chain and people, you end up any situation where if copies want to continue to grow, they have to pay only don t have that choice. we saw a softening in the technology sector. pretty big! i think is more a correction, technology has been hit, it is right sizing, if i think about my view on this would be nick three years, no question that technology, digitalisation, transformation will continue to be where the heart of a lot of hiring still exist. talking of those lay offs, notjust tech, we have seen recently big tech firms