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Hiring & firing

September

A well-timed redundancy payout can be life changing.

What to do with a six-figure redundancy payout

Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.

  • Duncan Hughes

August

Cisco is making cuts as it looks to focus on faster growth areas like AI and cybersecurity.

Cisco plans thousands of jobs cuts in cyber, AI shift

Cisco will reportedly eliminate 4000 jobs in a second round of layoffs this year, as it moves its focus to areas such as cybersecurity and artificial intelligence.

  • Ian King
  • Exclusive
  • AI
Luke Anear, founder and CEO of SafetyCulture says

This Aussie unicorn is paying millions for a chief AI officer. Should you?

SafetyCulture is on the hunt for its first AI boss as companies scramble to find executives to help unlock billions of value from the hot technology.

  • Tess Bennett

July

Adam Dicembre has joined the top echelons of one of Australia’s best known private equity firms.

Next Capital anoints new partner; sells fancy breadmaker Noisette

Dicembre was integral to the firm’s investment in NZ Bus, and its subsequent exit to Australia’s largest bus network, Kinetic, in 2022.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Fewer Australians are switching jobs as employers pull back on recruitment.

Two things have killed the post-pandemic job-switching boom

Fewer Australians are switching jobs as employers pull back on recruitment and more employees decide the rewards for moving no longer outweigh the risks.

  • Euan Black
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Leaving war-torn Ukraine was hard, then this AI worker tried Australia

Tech skills have been in red-hot demand for a decade, but skilled migration has cooled as numerous companies have shed staff in the so-called tech funding winter.

  • Tess Bennett
Robert Half director Nicole Gorton says more employers are offering staff a choice between a managerial career and one built on technical expertise.

You’re not alone, workers are avoiding becoming managers

Working from home is far from the only enduring workplace trend of the pandemic. It’s clear that our attitudes to work have changed significantly too.

  • Euan Black

Why underperforming executives need to be worried

It’s about doing more with less and finding leaders who can operate in that environment, says the managing partner at an executive search firm.

  • Euan Black

June

Albert Peker, ex Gandel Group investor, is the chief investment officer at Tyalla Capital.

Ex-Gandel Group dealmaker seeks $50m for new private credit fund

The firm has hired former Bank of Melbourne boss Scott Tanner to spearhead the investment committee and advisory board.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Srdjan Dangubic from Five V Capital.

Five V Capital poaches Quadrant, Navis Capital dealmakers

Sources said in addition to the mid-level hires, Five V had also picked up half a dozen juniors to work under its six managing directors.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Business pay rises slow down.

Businesses hit the brakes on large pay rises

The pandemic era of inflated salary increases appears to be over as the economy slows and skills shortages ease. 

  • Euan Black
APM Boss Michael Anghie and his advisers have persuaded MDP to pay more for the employment services group.

Madison Dearborn ups APM takeover price to $1.45; deal signed

MDP bumped its acquisition price to $1.45 a share to get APM’s independent board committee over the line. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

May

Deputy CIO and head of private markets, Alexandra Campbell, has resigned from Cbus.

Cbus deputy CIO and head of private markets Alex Campbell resigns

Two years after joining Cbus, Campbell was promoted to head of private markets where her remit broadened to cover $25 billion of FUM

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Declining job vacancies and rising living costs mean employees who may have chosen to leave jobs are holding on to them.

Why it’s harder to sack bad workers

HR managers say they are finding it increasingly difficult to dismiss employees even when they have fair and valid reasons because of provisions protecting staff who exercise workplace rights.

  • Euan Black
Investment banks are suffering from falling fees as markets remain subdued.

Why headcount matters when it comes to budgets

As any finance chief will attest, the number of bums on seats tells you most of what you need to know about an organisation’s underlying size and costs.

  • Tom Burton
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A trio of MinterEllison PE partners is heading to Corrs Chambers Westgarth.

More Australians go above and beyond duty amid job fears

Discretionary effort has hit a four-year-high as workers try to protect themselves from being made redundant, according to global consultancy Gartner. 

  • Euan Black

March

PwC Australia CEO Kevin Burrowes, pictured at the Senate inquiry into consulting in February, has decided to lay off nearly 400 employees.

PwC Australia slashes staff, partners in $100m cost-cutting drive

Embattled professional services firm PwC Australia will swing the axe in a second round of major job cuts in as many years, including up to 37 partners.

  • Updated
  • Paul Smith and Edmund Tadros
It’s no longer a case of solely having strong technical skills, says Robert Half director Nicole Gorton.

Jobseekers asking more questions about gender pay gap after WGEA data

The publication of large employers’ gender pay gaps has led to more questions from candidates about parental leave policies too.

  • Euan Black

February

Christian Beck

Rich Lister Christian Beck gets broom out at Leap Legal

ATI also reported a blowout in losses – from $120 million for continuing operations to more than $258.3 million.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
ASX CEO Helen Lofthouse is laying off staff ahead of next Friday’s earnings call.

‘New era’ ASX starts with redundancies as CEO swings axe

Technology staff are the most affected by redundancies before ASX’s half-yearly earnings due on Friday, as it looks to reorganise after its CHESS disaster.

  • Paul Smith

Original URL: https://www.afr.com/topic/hiring---firing-1mtf