Hays
city in Kansas, United States
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-06-19 18:30
Hays warns of profit decline amid hiring slump in Germany - Hays has reported an annual profit forecast that may fall short due to a weak hiring market, particularly influenced by the automotive sector in Germany.
- The company has experienced a decline in activity driven by a decrease in client and candidate confidence amid economic uncertainty.
- As a result, Hays is taking measures to improve fee income and efficiency while anticipating continued market challenges.
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business 2025-02-20 11:01
Hays profits plummet due to hiring slump in Europe - Hays experienced a 56% drop in operating profit to £26 million due to slow hiring in the UK and Europe.
- The company closed 15 UK and Irish offices and reduced its workforce by over 1,100 to adapt to challenging market conditions.
- Despite the downturn, Hays' chief executive remains optimistic about future recovery as market trends might lead to a resurgence in hiring.
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business 2025-01-15 17:05
Hays faces profit decline amid global hiring slowdown - Hays reported a 12% decline in net fees for the quarter ending December 31 due to weaker demand in permanent staffing.
- The company anticipates half-year operating profits of about £25 million, indicating pressure from reduced hiring activity.
- Economic uncertainty is expected to persist, causing caution in market conditions and hiring trends in the near future.
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business 2024-08-23 08:56
Hays Reports 91% Drop in Profits and Cost-Cutting Actions - Hays group's pre-tax profits dropped 91% to £14.7 million in the year to June 30.
- Net fees slumped 12% to £1.1 billion, leading to cost-cutting actions.
- The company is taking measures to trim costs further due to the significant profit decline.
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