AGP Executive Report
Last update: 27 minutes agoWorkforce Changes: Microsoft is offering voluntary buyouts to about 60,000 employees—roughly 27% of its global workforce—in the US, Canada, UK and India. The offer covers selected teams and is optional, as the company seeks flexibility while investing heavily in AI. AI and Jobs: China’s new guidelines call for advance notice and retraining when AI adoption affects workers, while urging firms to use the technology to create jobs and improve work. Employer Costs: Northern Ireland businesses say cutting employment costs should be the Budget’s priority; three-quarters of surveyed firms cited lower employer payroll contributions as the strongest support for growth and hiring. UK hospitality, meanwhile, says rising costs have contributed to nearly 100,000 lost jobs in two years. Later Careers: Singapore will raise its retirement age to 65 and re-employment age to 70 in 2029.
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