The article discusses the need for accessible journalism, highlighting The Independent's commitment to reporting on critical issues like reproductive rights and climate change without paywalls. It also covers Robert Walters' significant profit slump to £500,000 in 2023, attributed to a tough global job market, and predicts conditions will not improve until late 2025. Similarly, PageGroup reported a 58% drop in pre-tax profits and announced job cuts as part of cost-saving measures amid declining earnings. This reflects broader trends in the recruitment industry confronting economic challenges.
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'The firm saw profits nearly wiped out, slumping to 500,000 from 20.8 million in 2023, as net fee income slumped 14%.'
'Improvement in end markets is unlikely to be seen before the latter part of 2025.'
'Page stripped nearly 500 roles out of the business last year, ending 2024 with 8% fewer workers at 7,361, as it also slashed costs.'
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