Profit slumps at Page Group and Robert Walters as jobs market collapses Business 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 [...]
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 [...]
Recruitment firm SThree posts drop in fees as tech giants slash jobs Technology London-listed recruitment firm SThree has posted a drop in fees amid a "challenging backdrop" and mass global layoffs across the technology industry.