Adecco’s CEO on 2Q Earnings, Services Sector, Margins, U.S. Market

The transcript discusses global economic trends, highlighting regional performances in Europe, North America, and APAC. It notes a deceleration in Europe, particularly in manufacturing and automotive sectors, while North America shows resilience. The impact on the services sector is limited to these industries. Strategies for improving gross margins include pricing adjustments and new high-value services like digital upskilling. Despite US-China trade tensions, North America remains stable, with a shift towards permanent recruitment. In the UK, Brexit uncertainty affects hiring, with companies pausing recruitment until clarity is achieved.

What was the growth rate in North America during the second quarter?

• 6%

• 12%

• 9%

• 5%

Which sectors are primarily affected by the economic downturn?

• Retail and Hospitality

• Healthcare and Education

• Manufacturing and Automotive

• Technology and Finance

What strategy is being used to increase gross margins?

• Expanding into new markets

• Increasing prices

• Reducing workforce

• Developing high-value services

What acquisition was mentioned as part of the strategy for digital upskilling?

• SkillBoost

• DigitalLearn

• Joel Assembly

• TechCorp

How has the trade tension between the US and China affected the US market?

• No negative impact

• Significant negative impact

• Complete market disruption

• Moderate negative impact

What is the current hiring trend in the UK amidst Brexit uncertainty?

• Decrease in all hiring

• Focus on international recruitment

• Increase in temporary staffing

• Shift towards permanent recruitment

What is the main reason for the shift towards permanent recruitment in the US?

• Higher trust in the future

• Lower costs

• Increased temporary staff availability

• Government incentives