Staffing and recruiting firm Kelly Services is cutting about 2% of its corporate workforce, the company confirmed to Business Insider.
Kelly, which has about 5,000 corporate employees, is making a “targeted reduction” to its organizational structure, a spokesperson for the Troy, Michigan-based company said in a statement.
The move is designed to meet “the evolving needs of our client portfolio while further streamlining our organizational structure,” the spokesperson said.
At 2%, the layoffs would affect about 100 workers.
The cutbacks come early in the tenure of Chris Layden, who took over as CEO in September after Kelly’s former chief retired.
The reductions also arrive as the US labor market appears to be slowing. While overall layoffs remain low, many job seekers are struggling to land roles, especially in the corporate world.
As of September, US employers’ hiring plans were at the lowest year-to-date level since 2009, the staffing and coaching firm Challenger, Gray & Christmas reported.
Kelly, which had revenue of $4.3 billion in 2024, places more than 400,000 workers a year in fields including science, tech, education, manufacturing, retail, and finance.
Kelly shares fell less than 1% in afternoon trading on Wednesday.
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