This Month
29 years is enough! Herbert Smith Freehills’ Tony Damian jumps ship
Damian’s expected to join Ashurst on a $7.5 million salary package, in what rivals say is the price law firms are increasingly having to cough up to secure marquee partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
Popular restaurant ordering app me&u lays off 10pc of staff
The company, which says it is the world’s biggest mobile ordering app for pubs and cafes, merged with rival Mr Yum last year. It is cutting workers in the hopes of reaching profitability.
- Paul Smith
Shaws nabs rival’s natural resources head
Street Talk understands Shaw and Partners has added Damien Gullone, a geologist by trade, to its emerging companies team.
- Sarah Thompson, Kanika Sood and Emma Rapaport
October
How white-collar employers are keeping staff happy
White-collar employers are trying to keep restless employees happy by giving them more opportunities to switch jobs internally.
- Euan Black
Linktree says it has learnt its lesson from 2021 tech bubble
The general counsel of $1b tech start-up Linktree said the tech industry is full of tall-poppy critics “not creating room for people to take risk”.
- Amelia McGuire
Ructions in Potentia’s top echelons prompt Tim Reed to step back
The former MYOB chief executive had first met the private equity firm’s founder Andrew Gray in the hallways of Harvard Business School in 1994.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Ares launches private equity business in Australia, hires from Bain
Street Talk understands Bain Capital principal Nick Onie has lobbed his resignation and is set to join the NYSE-listed alternatives giant.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Workplace
Middle manager jobs vanish as ‘the great unbossing’ hits Australia
Middle managers are in the crosshairs as companies such as tech giant Amazon remove layers of bureaucracy to boost performance in a cooling economy.
- Euan Black
September
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 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
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
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
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
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
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
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
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
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
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