July 9, 2020 / 6:24 AM / 25 days ago

Recruiter PageGroup cuts more jobs, profit slumps

July 9 (Reuters) - Global recruiter PageGroup said on Thursday it laid off another 326 employees in May and June, while reporting a 47.4% slump in second-quarter profit, as companies refrained from hiring employees during the coronavirus crisis.

Gross profit for three months ended June 30 came in at 118.3 million pounds ($149.53 million), compared with 224.7 million pounds last year.

The company, which operates in 36 countries, had announced plans in April to shed 250 staff and cut directors’ pay by 20%.

$1 = 0.7911 pounds Reporting by Indranil Sarkar in Bengaluru, Editing by Sherry Jacob-Phillips

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