Following a huge market crash caused by investor anxiety, global employment business Adecco stated that plummeting recruiting volumes in the US tech industry had likely reached a bottom.
A dip is likely in the near future, according to Adecco CEO Denis Machuel, who spoke with reporters. “But let’s be clear: we haven’t seen an inflection yet.”
Due to the unpredictability of world politics and worries about a potential global recession as a result of poor U.S. statistics, the markets experienced a significant decline in tech stocks on Monday.
Machuel added, “We don’t think it’s going to get any worse” when asked about the recruiting numbers in the US tech sector.
The head of the Swiss conglomerate also stressed again how important tech consultancy Akkodis was to Adecco’s overall plan.
In early July, Bloomberg reported that Adecco was contemplating selling Akkodis, a product that accounts for approximately 16% of its sales.
