Adzuna falls into the red amid hiring slump Business 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 [...]
AI in recruitment: Levelling the playing field or entrenching bias? Opinion AI in recruitment aims to reduce hiring biases and streamline candidate selection. But do these tools truly make hiring fairer, or are they reinforcing hidden biases? Asks Paul Armstrong The AI hiring wave has arrived, promising to tidy up recruitment’s inefficiencies with sleek algorithms and predictive analytics. Job descriptions are optimised for clicks, CVs sifted [...]
Hays results ‘lay bare’ UK recruitment crisis Business Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Pagegroup slashes more roles as recruiter feels the pain of slow rebound July 9, 2024 Pagegroup said that tighter recruitment budgets have led to companies becoming more risk averse to new hires, which has slowed the recruitment process.