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- Meta Layoffs Hit HK Teams: Meta announced a fresh round of layoffs this week affecting Reality Labs and recruiting sectors; local HK sales and tech-support teams are reportedly seeing headcount reductions as the firm shifts resources to AI infrastructure. Source
- Gaming Giant IGT Restructures: International Game Technology (IGT) is cutting 700 jobs (10% of staff) to "align resources with business priorities" following its recent merger, impacting regional gaming operations in Asia. Source
- Hiring Surge in ESG & Stablecoins: Following the 2025 stablecoin licensing regime, March 2026 sees a massive shortage of Crypto Compliance and ESG Disclosure specialists in HK's financial hub. Source
- Short-term Work Scheme Expanded: The government has increased designated sectors from 12 to 17 (adding Environment, Maritime, etc.), allowing foreign professionals to work in HK for 14 days without a full visa. Source
- Tax Allowances Increased: The 2026-27 Budget has increased basic tax allowances to HK$145,000, providing slight relief for the local workforce amidst rising living costs. Source
- "Upskill Hong Kong" Rebrand: The Employees Retraining Board (ERB) has officially rebranded as "Upskill Hong Kong," focusing heavily on AI application courses for displaced administrative staff. Source
- New AI Guidelines for HR: The Privacy Commissioner (PCPD) issued a new Checklist on Generative AI in the workplace this month, guiding HR on how to monitor employee AI use without breaching privacy laws. Source
- Catering & Retail Recruitment Drive: The Labour Department's 10 job centres will launch a "District-based Recruitment Week" starting April 1 to address the chronic labor shortage in frontline service sectors. Source