Recruitment firm PageGroup warns of falling profits due to weakening global job market; Q2 gross profits down 12% to £224.3m.
Recruitment firm PageGroup warns of falling profits due to the weakening global job market. Gross profits fell by 12% in Q2 to £224.3m, with an 18% drop in group gross profits for June. PageGroup now expects an operating profit of nearly £60m for the full year, down almost half from £118.8m in 2023. The company plans to cut its workforce by 2.7% to 5,598, with European operations bearing the majority of these reductions.
July 09, 2024
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