Finance
Staffing company Adecco says AI impact on jobs limited so far
Published by Global Banking and Finance Review
Posted on November 6, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 6, 2025
2 min readLast updated: January 21, 2026
Adecco reports minimal AI impact on jobs, with a 1% sales rise in Q3. Temporary staffing improves, but permanent hiring remains slow.
By John Revill
ZURICH (Reuters) -Adecco has so far seen only a limited impact from artificial intelligence technology on the jobs market, Chief Executive Denis Machuel said on Thursday, as the staffing company reported better-than-expected third-quarter results.
Concerns are mounting that AI is rapidly displacing human workers – with the trend evident in recent corporate layoffs such as the 14,000 job cuts recently announced by Amazon.
However, Adecco, which provides temporary and permanent staff to industries ranging from banking to logistics, has seen some layoffs at its client companies attributed to AI, but it was not a "massive wave," Machuel said.
"We haven't seen yet a revolution. I would say the impact on the labour market is still early stage," Machuel told reporters.
"We see some impact but if I look at the layoffs, some are more related to other arbitration, productivity improvement, not necessarily related to AI," he added.
He was speaking after Adecco reported a 1% rise in third-quarter sales to 5.78 billion euros ($6.74 billion) in the three months to the end of September, slightly ahead of analyst forecasts.
When adjusted for trading days and currency moves, the company's revenue increased by 3.4% from a year ago, and was 3% higher than in the second quarter.
Based on early indications, Adecco expects its sales to grow by the same 3% quarterly rate in its final quarter of 2025.
Third quarter net income fell 10% to 89 million euros, compared with a forecast drop to 70 million euros.
The company's shares surged by 9.5% in early trading, with analysts at Bank Vontobel saying the results were well above expectations.
The company's business providing temporary staff was improving, Machuel said, although permanent recruitment remained sluggish.
"There's still uncertainty, and when there's uncertainty, you hesitate to recruit permanently," Machuel said.
However, growth in flexible and temporary hiring showed "the economy is not that bad," he said.
($1 = 0.8575 euros)
(Reporting by John Revill, Editing by Friederike Heine, Janane Venkatraman and Tomasz Janowski)
Artificial intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn like humans. It encompasses various technologies including machine learning and natural language processing.
Employment opportunities refer to the available jobs or positions within a market or industry that individuals can apply for. These can vary based on economic conditions and industry demands.
Financial markets are platforms where buyers and sellers engage in the trading of assets such as stocks, bonds, currencies, and derivatives. They play a crucial role in the economy by facilitating capital flow.
Job creation refers to the process of generating new employment opportunities, which can occur through business expansion, new startups, or economic growth. It is vital for reducing unemployment rates.
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