Large companies lay off staff, and India rises, in Beyond Recruitment survey

Large companies lay off staff, and India rises, in Beyond Recruitment survey
Large companies are reducing costs through redundancies. (Image: DepositPhotos)
Dileepa Fonseka
A tighter jobs market looks like the new normal if the results of a Beyond Recruitment survey are anything to go by, driven by large businesses responding to a changing economic climate.The survey also reveals there has been a sharp rise in the number of business leaders who see India as an important international relationship for NZ.The 2023/24 Beyond Recruitment Economic & Labour Report involves surveying more than 500 employers on questions around employment and economic outlook.The report released on Wednesday showed very large bus...

More Economy

Willis teases new RBNZ governor after GDP drop
Economy

Willis teases new RBNZ governor after GDP drop

Finance Minister Nicola Willis says a new Reserve Bank of New Zealand governor will be announced “very shortly” as she comes under growing pressure to tackle NZ’s economic woes.Economists are calling on the RBNZ to cut the official cash rate (OCR) more aggressively after yesterda...

Staff reporters 19 Sep 2025
Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Rebecca Howard 18 Sep 2025
Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Rebecca Howard 18 Sep 2025
Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Michael Neilson 18 Sep 2025