British recruiter Hays forecasts 57% annual profit slump on hiring slowdown
June 19 (Reuters) - British recruiter Hays (HAYS.L), opens new tab on Thursday projected a more than 57% drop in annual operating profit to around 45 million pounds ($60.23 million), falling short of market view of 56.4 million pounds, according to company-compiled estimates.
Political and economic turmoil in Germany and the UK, both key markets for Hays, along with the impact of U.S. President Donald Trump's extensive tariffs, have pulled down confidence and sentiment of employers and job seekers.
Hays reported broad weakness in permanent hiring, while noting that temporary hiring and contracting remained more resilient. The company reiterated that current market challenges are expected to persist into its 2026 fiscal year.
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