Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
Profit slumps at Page Group and Robert Walters as jobs market collapses March 6, 2025 The slowing jobs market has forced two of the UK’s largest recruiters to reveal painful last-year performances in which profit and revenue nosedived. Page Group and Robert Walters both posted double-digit falls in overall revenue for the year ended 31 December. The latter’s earnings plunged 16 per cent to £892m, while Page Group’s dropped 13.5 [...]
Labour’s jobs tax is proving the Laffer curve in real time February 19, 2025 Widespread falls in hiring and increases in redundancies are a textbook demonstration of how tax can destroy economic activity. Labour’s National Insurance rise is proving economic theory before our eyes, says Matthew Kilcoyne Sometimes the data tells a story so clear it hurts. The latest CIPD survey gives us exactly that – a textbook demonstration [...]
Should you use AI for job applications? Here’s what UK hiring managers think February 13, 2025 Managers are increasingly suspicious of AI-generated job applications, with many fearing they aren’t receiving an accurate reflection of a candidate’s skills. According to a new survey by the Chartered Management Institute (CMI), three in four managers in the UK say they are not receptive to interviewing people that rely on AI, without tailoring it to [...]
UK economy: Headache for Bank of England as wage growth accelerates January 21, 2025 Wage growth picked up towards the end of last year, new figures show, revealing the continued persistence of price pressures in the UK economy. According to figures released by the Office for National Statistics (ONS), annual regular pay growth averaged 5.6 per cent in the three months to November, up from 5.2 per cent previously. [...]
Vacancies back to pre-pandemic levels as UK jobs market slows January 16, 2025 The number of vacancies in the UK economy has fallen back in line with pre-pandemic levels, according to new figures from the REC.
Profit at Robert Walters wiped out as jobs market misery spreads January 14, 2025 The firm faced pressures across all its main markets, with income falling in Asia-Pacific, Europe and the UK.
Recuiter Pagegroup cuts more staff amid jobs market slowdown January 13, 2025 Gross profit in the final quarter of 2024 dropped to £196.7m, down from £237.5m in the same period the year before.
Job vacancies collapse as Budget tax raid puts firms off hiring, survey shows December 9, 2024 The latest report on jobs from KPMG and the REC showed an "accelerated decline" in the number of people placed in permanent roles by recruiters.
The Notebook: Say it however you like, a National Insurance hike is a tax on jobs October 30, 2024 Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.