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Surge in job seekers after companies begin redundancies

The number of job seekers is surging as companies are turning to redundancies to shrink their workforces.

The jobs downturn is here – who will get hurt and how bad will it be?

John Lynes was one of the first to notice when companies slowed hiring. His recruitment firm, Ashdown Group, was seeing 100 applicants per job at the start of the year. Now he sees 150 on average – a 50pc rise.

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