Author: Admin
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UK graduates face tough jobs market as AI transforms recruitment
Competition for graduate jobs has reached unprecedented levels, with the Institute of Student Employers (ISE) reporting an average of 140 applications per role. In total, over 1m applications were submitted for nearly 17,000 graduate vacancies in 2023-24, marking a 59% increase from the previous year. Stephen Isherwood, joint chief executive of ISE, said: “As AI…
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London’s unemployment hits three-year high
Recent data from the Office for National Statistics (ONS) reveals that London’s unemployment rate has surged to 5.5% for the June to August quarter, marking the highest level in nearly three years. This increase translates to 280,000 individuals seeking employment, contrasting with a slight decline in the national unemployment rate, which fell to 4.0%. London…
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KPMG US chief calls for urgent reform to halt slide in accounting ranks
KPMG’s US chief is urging the industry to make it easier to become an accountant in order to halt the “brewing crisis” in the profession. Paul Knopp has suggested that students should only be required to have four years of education, rather than five, to qualify as an accountant. He did not propose dropping the…
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TikTok cuts hundreds of jobs in shift towards AI content moderation
TikTok is cutting hundreds of jobs from its global workforce as part of its transition to a more AI-driven content moderation model. Sources familiar with the matter earlier told Reuters that more than 700 jobs were being cut in Malaysia. The ByteDance-owned social media giant later clarified that less than 500 employees in the country…
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FCA extends WFH
The Financial Conduct Authority (FCA) has announced an extension of its hybrid work policy, allowing staff to work from home three days a week until at least 2026. This decision contrasts with the growing trend among other firms in the City, which are pushing for a return to the office. The FCA, which employs around…