Robert Walters Keeps Cutting Itself—But Not With a Smile
And just when you thought the hiring market was about to get any better, this London‑based recruitment firm says it won’t.
Fewer People, More Money‑Cuts
- Trimmed its own ranks again, 77 jobs out of the workforce → 3,125 employees now.
- In the past year it let go 500 positions.
- Net fee income down 13% this quarter – what a jump, right?
Why the Numbers Look So Bleak
According to CEO Toby Fowlston, the twin culprits are the U.S. tariffs under President Trump and the “more pronounced” macro‑economic roller coaster that’s still in full swing. The result? A 3.4% dip in the share price.
He also clarified that, even though Q2 saw a slight uptick in fees compared to Q1, the global uncertainty and weaker forward indicators for specialist recruitment make the outlook look like a soggy, hodgepodge soup.
Strategic Moves (Because No One Likes a Stale Business Plan)
Despite the gloomy forecast, the firm is doubling down on disciplined entrepreneurialism. That means they’re tightening costs, cutting redundant roles, and streamlining operations.
So, the short answer? There’s no bright job‑market lighthouse on the horizon, but Robert Walters is still trying to keep its compass spinning.
