By Michael Susin Hays plans to cut more jobs after profit nearly halved during the fiscal first half on a trading slowdown, but kept an unchanged dividend.
Hays PLC on Thursday said that it would be making further reductions to its workforce in the near-future, after its interim results revealed a significant decline in profit.
For the six months ended.
International recruitment firm Hays (LON: HAS) reported net fees today of £583.3 million for the six months ended 31 December 2023, a 9% decrease on a like-for-like basis compared to the previous year. The company has a number of restructuring initiatives underway to improve performance in key markets.
Hays plc reported net fees, or gross profit, fell 9% on a like-for-like basis to £583.3 million (US$742.6 million) for the six months ended Dec. 31, 2023.
By Ian Walker Hays PLC shares fell as much as 19% in early trade after the company said it expects to miss current market forecasts for the first half-year.