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Companies are more cautious in hiring due to uncertain economy, says Randstad

In 2023, the Dutch temporary employment group Randstad experienced a decline in turnover and profit. Despite this, the CEO of Randstad, Sander van ‘t Noordende, explained that the decline was due to the uncertain global macroeconomic environment. This has led to customers and talent being more cautious in their decision-making.

According to their annual figures, the group’s turnover fell by 8 percent to 25.4 billion euros, with a 7 percent decline in the Belgium/Luxembourg region. The EBITA profit figure also fell by 21 percent to 923 million euros, and net profit fell by a third to 624 million euros.

The uncertain global macroeconomic environment has impacted companies’ hiring decisions. As a result, this has affected Randstad’s performance in 2023. Despite these challenging market conditions, Randstad was able to adapt to the situation.

By Editor

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