Plunge in European hiring sinks profit at recruitment giant Hays

Hays mainly hires for office-based jobs in the UK and other European countries (Victoria Jones/PA) - (PA Wire)

Profits at recruitment giant Hays more than halved in the latter period of last year, as companies across the UK and Europe put the brakes on hiring.

The London-based company blamed “considerable headwinds from economic conditions”, as operating profit fell to £26 million, down 56% versus the same period in 2023.