Hays, the giant recruitment firm, just posted its first loss in 23 years—£54.5 million—blamed on a hiring freeze fueled by geopolitics and AI, with permanent roles down 12%. Despite slashing staff from 9,500 to 8,100, they beat profit expectations and still plan dividends. Their new “Momentum” strategy aims to cut costs via digital tools and training, as investors watch closely for signs of recovery.
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