75% of Employers Globally Struggle to Fill Job Openings As Per New Report

75% 

ManpowerGroup's 2024 Global Shortage Report indicates that 75% of employers worldwide face challenges in filling vacancies, down from 77% in 2023. To reduce the conflict, 65% of them offer increased work flexibility, 30% raise wages, and 28% explore new talent pools. The survey, covering 41 countries and 40,077 employers, highlights Japan (85%) stood as the nation most affected by talent shortages, followed by Germany, Israel, and Greece (82%), with industries like Health Care and Life Sciences (77%) experiencing the most difficulty. 

400 

Stellantis the automaker is gearing up to launch electric vehicles in the U.S., and has downsized its workforce by about 400 employees, mainly in software and engineering divisions. This marks the third round of layoffs within a year, reflecting the auto industry's adjustments amid evolving market dynamics, with a focus on optimizing costs and resources for future electric vehicle production. 

120,000 

Dell Technologies underwent significant layoffs in 2023, reducing its workforce from 133,000 to 120,000 employees by February 2024. Despite these cuts aimed at cost reduction, Dell remains committed to empowering its workforce and attracting, developing, and retaining talent. The organization’s restructuring efforts are geared towards streamlining operations, enhancing agility, and fostering innovation to sustain long-term success amidst industry challenges. 

42% 

According to The Muse and RecruitmentMarketing.com, 42% of women in the C-suite reported encountering biased questions in job interviews, with 41% feeling discriminated against due to gender. Additionally, 38% hesitated to apply for roles due to perceived gender bias. In a survey of over 1,000 female professionals, 67% noted difficulties for women in getting promoted, while 87% felt men and women weren't treated equally in salary negotiations. Notably, 55% believed there wasn't enough female representation in leadership, yet 79% preferred companies with equal representation.  

1,200 

Ericsson announced layoff of approximately 1,200 jobs in Sweden due to slowed demand for its 5G equipment. Last year, the telecommunications company laid off 8,500 employees globally (about 8% of its workforce) to reduce costs, including measures like reducing consultants and streamlining processes. This move aligns with a trend in the tech industry, where numerous companies, including industry giants like Alphabet, Amazon, Meta, and Microsoft, have implemented significant layoffs in efforts to enhance profitability and efficiency.