Finance
Recruiter Randstad flags signs of stabilization as uncertainty becomes 'new norm'
Published by Global Banking and Finance Review
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on July 23, 2025
2 min readLast updated: January 22, 2026
Randstad signals market stabilization with increased recruitment outsourcing demand, despite ongoing economic uncertainty in Europe.
By Olivier Cherfan and Mateusz Rabiega
(Reuters) -Randstad signalled improvements in some key markets on Wednesday, with higher demand for outsourcing of recruitment, as staffing firms face a new normal marked by heightened uncertainty.
Recruiters including Randstad, Adecco and Hays have voiced concerns about the worsening job market driven by an escalating global trade war and economic struggles in major European markets like Germany and France.
But the market sentiment has been thawing lately, Randstad CEO Sander van 't Noordende said.
"We have been on a long downward trend, and that seems to be stabilizing today," he told Reuters about market demand. "There's still uncertainty in the market, but that's ... the new norm."
The world's largest employment agency's earnings before interest, taxes and amortization, and before one-offs, were 171 million euros ($200.63 million) in the second quarter. Analysts polled by it were expecting them to reach 170 million euros.
Core earnings in France saw a slower organic decline of 14% than in recent quarters, while a core loss in Germany narrowed from a year earlier.
The earnings were helped by cost reductions, including from a lower average headcount on a full-time-equivalent basis. Randstad also expects slightly lower operating costs in the third quarter compared to the second.
"We have no specific big plans to cut workforce or anything like that," van 't Noordende said about the company's savings measures.
Asked about Randstad's interest in the European defence sector, which he had mentioned in April, the CEO said the company was engaging with the market's largest players.
"We scored some wins, let's say good wins, but not wins that I can share names of, but with larger players in Germany, France, and here in the Benelux," he said.
($1 = 0.8523 euros)
(Reporting by Mateusz Rabiega and Olivier Cherfan in Gdansk, editing by Milla Nissi-Prussak)
Randstad indicated improvements in key markets with higher demand for outsourcing recruitment, suggesting a stabilization in market sentiment despite ongoing uncertainty.
Randstad reported earnings before interest, taxes, and amortization of 171 million euros in the second quarter, aided by cost reductions and a slower decline in core earnings in France.
Randstad's CEO stated that there are no specific plans to cut the workforce, emphasizing that the company is focused on savings measures without significant layoffs.
Randstad is engaging with major players in the European defense sector, having achieved some wins in collaboration with larger companies in Germany, France, and the Benelux region.
Staffing firms, including Randstad, are grappling with a worsening job market influenced by a global trade war and economic struggles in major European markets.
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