[16FEB] PAPER CUT

Accenture rolls back DEI goals, McKinsey stands firm, and the FCC investigates Comcast. Meanwhile, HR hiring booms in Southeast Asia, Deel prepares for an IPO, and Carlyle bets big on HR tech. Plus, our deep dive into two competing Future of Work 2025 reports.

By James Robbins 6 min read
The future of work! A neon-lit cityscape symbolizes technological advancements, remote work, and evolving job landscapes.
Paper Cut - The most important EB headlines from the week, for subscribers only.

Welcome to Paper Cut, where we cut through the week’s noise to bring you the sharpest insights in employer branding, talent acquisition, and HR.

DEI rollbacks, hiring booms, and IPOs, this week’s workplace news is packed.

Accenture is scaling back its DEI goals under Trump’s executive orders, but McKinsey is pushing forward. Meanwhile, hiring is soaring in Southeast Asia, Deel is eyeing a massive IPO, and Carlyle is making big moves in HR tech.

And if you’re wondering where the world of work is heading next, we’ve got a deep dive comparing two major Future of Work 2025 reports, because the predictions don’t all agree.

This Week’s Paper Cut's


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📢 DEI: Scaling Back or Standing Strong?

🚨 Accenture Rolls Back DEI Goals Amid Executive Orders

Accenture has announced a significant shift in its DEI commitments, scaling back hiring targets to comply with Trump’s latest executive orders. The firm insists this isn’t an abandonment of its diversity initiatives but a necessary move for legal compliance. However, critics argue this sets a dangerous precedent, if a company of Accenture’s size and influence is rolling back commitments, how many others will quietly follow? For HR leaders and employer brand professionals, the question is whether compliance will override commitment when push comes to shove.

Accenture rolls back DEI goals to comply with Trump’s EOs
CEO Julie Sweet said the company would end its employee diversity representation goals and put “a greater focus on inclusion and a sense of belonging for all,” in an internal memo.

📡 FCC to Investigate Comcast Over DEI Practices

Comcast is facing fresh scrutiny as the FCC launches an investigation into its DEI programs, questioning whether they violate newly enforced federal guidelines. The probe could have major implications for corporate DEI strategies across industries, especially if regulatory challenges become the next front in the diversity debate. If the FCC rules against Comcast, it could trigger a wave of cautious corporate recalibrations.

📌 Read more:

💪 McKinsey Doubles Down on DEI Despite Backlash

While some companies are scaling back, McKinsey is making a very different move, reaffirming its DEI commitments despite political and legal headwinds. The firm has publicly stated that DEI remains a fundamental business priority and will not be deprioritized due to external pressures. This bold stance highlights the growing divide between organizations adapting to political shifts and those sticking to long-term commitments, regardless of short-term turbulence.

McKinsey Will ‘Boldy Pursue’ DEI in Face of Storm
Reports say McKinsey has doubled down on DEI initiatives despite other high-profile firms and businesses retreating from pledges after US executive orders

🏢 HR Hiring Booms in Southeast Asia

While layoffs dominate headlines in the West, hiring in Southeast Asia is accelerating, particularly in HR roles. Companies in the Philippines and Malaysia are expanding rapidly, leading to a surge in demand for talent acquisition and HR professionals. As global hiring patterns shift, this could be a signal of emerging economic hotspots where businesses are actively investing in workforce growth rather than downsizing.

HR hiring soars in Philippines, Malaysia
Singapore, on the other hand, logs decrease in HR hiring

💼 Carlyle to Acquire Japanese HR Tech Firm for $325M

Private equity giant Carlyle is making a significant investment in HR technology, acquiring Japan-based Kaonavi for $325M. The deal underscores the increasing importance of digital workforce solutions as companies navigate changing employment landscapes. With more businesses relying on AI and analytics to optimize hiring and retention, HR tech is proving to be a major growth sector.

Carlyle to buy Japan HR services company Kaonavi for $325m
U.S. private equity firm offers 120% premium for Tokyo-listed shares

🚀 HR Unicorn Deel Prepares for IPO by 2026

Deel, the global payroll and compliance platform, is making moves toward an IPO as soon as 2026. With the rise of remote work and cross-border hiring, Deel has positioned itself as a critical player in the future of employment. A successful public offering could signal further investment in HR tech and global workforce management solutions.

HR unicorn Deel prepares for IPO as soon as 2026 after revenue jump
Human resources software firm Deel said it has hit an annual revenue run rate of $800 million as it ramps up preparations to go public.

🔮 The Battle for the Future of Work

Two major reports, the World Economic Forum’s and Randstad’s. offer competing visions of where work is heading in 2025. Are we looking at a skills revolution where companies invest heavily in reskilling and internal mobility? Or is the workforce heading toward a crisis, with automation and talent mismatches creating instability? Our latest deep dive dissects the key takeaways from both reports, helping you navigate the contrasting narratives shaping talent strategy.

Randstad’s 2025 Global Talent Trends: What Employers Must Know
Randstad’s 2025 Global Talent Trends report reveals what’s next for work: AI as a cultural architect, skills-first hiring as the new baseline, and flexibility as non-negotiable. Discover how to future-proof your employer brand, or risk being left behind.

Closing Thoughts

This week’s headlines show two very different realities unfolding at once. On one hand, DEI programs are under legal scrutiny, with major firms like Accenture and Comcast adjusting their strategies. On the other, companies like McKinsey are pushing forward, refusing to scale back commitments.

Meanwhile, hiring trends are becoming increasingly fragmented. Some regions, like Southeast Asia, are seeing massive job growth, while other markets remain in flux. Investors are doubling down on HR tech, signaling confidence in workforce optimization solutions. And as Deel moves toward an IPO, the industry is reminded just how much global payroll and compliance matter in a decentralized work environment.

The biggest question remains: what does the future of work really look like? The latest reports from the World Economic Forum and Randstad offer conflicting views, leaving HR leaders to determine which path they believe in. One thing is clear - adaptability, not certainty, is the name of the game in 2025.

Thanks for reading. See you next week.

Video Version

🎥 Prefer to watch? Check out the video edition of Paper Cut for sharp takes on this week’s biggest trends in employer branding and HR.


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