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. 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 CEO of Randstad, Sander van ‘t Noordende, explained that the decline was due to the uncertain global macroeconomic environment, which has led to customers and talent being more cautious in their decision-making. Despite these challenging market conditions, Randstad was able to adapt to the situation.

Randstad’s performance was impacted by the global economic downturn and companies being more careful about hiring staff. However, despite this challenge, the company managed to maintain its resilience and continue operating efficiently.

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By Editor

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