Recruitment market shows signs of life |
| Toby Fowlston, chief executive of Robert Walters, stated that the global hiring market's three-year slowdown is primarily cyclical, not driven by AI. He reassured shareholders that the market is recovering, despite a 4% drop in net fee income to £69.4m in the second quarter. Fowlston noted that the downturn stems from trade wars, political upheaval, and cost of living crises. However, he highlighted that fees are increasing in half of their markets, including the UK, Japan, and New Zealand, indicating a potential recovery ahead. |
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