Recruiter PageGroup cuts more jobs, profit slumps

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)