11:32 ET -- ManpowerGroup says that demand for its services is softening, and it's biting into their profits. In an earnings call, executives say business was tough in Europe and North America. They saw their staffing services perform well, which is temporary job placements, but their permanent hiring slowed down, "which impacted our margins." The executives say the company will have to cut costs to deal with these challenges and will continue to do so as needed. "We have seen a period of volatility relating to the tariff announcements and uncertainty is elevated right now," executives say, but note that underlying economic indicators, including labor markets, continue to be relatively stable. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 11:32 ET (15:32 GMT)
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