Latest news with #job cuts


The Independent
4 days ago
- Business
- The Independent
Robert Walters cuts headcount further amid increased uncertainty
Robert Walters has cut further jobs as it revealed another drop in income in the face of increased economic uncertainty globally. Shares in the London-listed recruitment firm dropped in early trading on Tuesday as a result. Bosses at the business also cautioned that they do not expect to see a 'material improvement in hiring markets in the near term'. Robert Walters said it cut its headcount by a further 2%, or 77 roles, to 3,125 employees by the end of June due to continued weakness. The company has axed 500 jobs across its business over the past year. It came as Robert Walters reported that group net fee income fell by 13% in the latest quarter, as it highlighted 'more pronounced' macroeconomic uncertainty in the period after the US launched new tariff policies. This included a particularly sharp fall in mainland Europe, where income fell 22% to £21.5 million. Meanwhile, there was an 8% fall in UK income to £12.1 million for the quarter. Toby Fowlston, chief executive of Robert Walters, said: 'Whilst net fees were higher than in the first quarter, macroeconomic uncertainty was more pronounced in Q2, with forward indicators in specialist recruitment slightly weaker as a result relative to the end of Q1. 'With the external environment continuing to constrain client and candidate confidence, our planning assumption remains that there will be no material improvement in hiring markets in the near term. 'However, we continue to have high conviction in our disciplined entrepreneurialism strategy and therefore took further strategic action during the quarter to drive greater efficiency.'


Free Malaysia Today
6 days ago
- Business
- Free Malaysia Today
8 core staffers leave roles in US DOGE agency
DOGE has overseen job cuts across nearly every US federal agency. (EPA Images pic) ARLINGTON COUNTY : At least eight core members of the US department of government efficiency (DOGE) have left their positions in the last six months, Politico reported today, citing internal records and sources familiar with the matter. A senior White House official played down the report, telling Politico that senior people working the cost-cutting body spearheaded by billionaire Elon Musk had only been taken on for fixed terms. 'It was never the plan for the highest levels of DOGE officials to make a career out of the government,' the official told Politico. The report said that, on top of the eight senior staffers, at least seven DOGE engineers, most with high-level access across multiple agencies, have left. At least three more are preparing to exit, it added. Reuters could not confirm the report. The White House and DOGE did not immediately respond to a request for comment outside regular business hours. Musk, the world's richest man, pulled back from his involvement with DOGE in late May. He spent hundreds of millions on Donald Trump's re-election as US President, but the two men fell out publicly in early June and launched into an increasingly fractious feud. DOGE – which has overseen job cuts across nearly every federal agency – was created by a Jan 20 executive order to modernise federal technology and enhance efficiency. It is a temporary White House unit that absorbed the US digital service, not a formal department established by congress.


Al Arabiya
11-07-2025
- Business
- Al Arabiya
Eight core staffers leave roles in US DOGE agency: Politico
At least eight core members of the US Department of Government Efficiency (DOGE) have left their positions in the last six months, Politico reported on Friday, citing internal records and sources familiar with the matter. A senior White House official played down the report, telling Politico that senior people working the cost-cutting body spearheaded by billionaire Elon Musk had only been taken on for fixed terms. 'It was never the plan for the highest levels of DOGE officials to make a career out of the government,' the official told Politico. The report said that, on top of the eight senior staffers, at least seven DOGE engineers, most with high-level access across multiple agencies, have left. At least three more are preparing to exit, it added. Reuters could not confirm the report. The White House and DOGE did not immediately respond to a request for comment outside regular business hours. Musk, the world's richest man, pulled back from his involvement with DOGE in late May. He spent hundreds of millions on Donald Trump's re-election as US President, but the two men fell out publicly in early June and launched into an increasingly fractious feud. DOGE – which has overseen job cuts across nearly every federal agency – was created by a January 20 executive order to modernize federal technology and enhance efficiency. It is a temporary White House unit that absorbed the US Digital Service, not a formal department established by Congress.