Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > UK's Robert Walters warns tariffs to compound hiring woes
    Finance

    UK's Robert Walters warns tariffs to compound hiring woes

    Published by Global Banking & Finance Review®

    Posted on April 15, 2025

    2 min read

    Last updated: January 24, 2026

    UK's Robert Walters warns tariffs to compound hiring woes - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Robert Walters warns US tariffs may worsen hiring woes, reporting a 16% income drop. Global trade uncertainty impacts recruitment industry outlook.

    Robert Walters Warns of Hiring Challenges Due to US Tariffs

    (Reuters) - British recruiter Robert Walters said on Tuesday that U.S. tariffs would likely further dent the hiring market in the near term as it reported a 16% drop in the first-quarter income it earns from fees and consulting services.

    The warning comes just a week after peer PageGroup withheld its financial forecast and implemented cost-cutting due to what it called "increasingly unpredictable" conditions resulting from tariffs imposed by U.S. President Donald Trump.

    Even though the duties targeting most countries have been paused for 90 days, the U.S. tariff offensive has disrupted global trade relations and increased the likelihood of a recession.

    This is likely to exacerbate a slowdown in decision-making by prospective employers and job seekers, who were already grappling with political and economic uncertainty in major European economies including the UK, Germany and France.

    "Increased uncertainty regarding the flow of global trade due to tariffs is likely to be a further headwind to client and candidate confidence in the near term, limiting visibility on the outlook for the balance of the year," Robert Walters' CEO Toby Fowlston said.

    For the quarter ended March 31, the company reported net fee income of 67.3 million pounds ($88.75 million) compared with 81.3 million pounds a year ago.

    "Continual focus is being applied to all elements of our cost base," Fowlston said. Robert Walters has been implementing cost-saving measures, including investing in AI and consolidating its office network.

    ($1 = 0.7583 pounds)

    (Reporting by Raechel Thankam Job in Bengaluru; Editing by Savio D'Souza, Mrigank Dhaniwala and Joe Bavier)

    Key Takeaways

    • •Robert Walters reports a 16% drop in first-quarter income.
    • •US tariffs are expected to worsen hiring market conditions.
    • •Global trade disruptions increase recession risks.
    • •Cost-cutting measures include AI investment and office consolidation.
    • •Political and economic uncertainties affect European economies.

    Frequently Asked Questions about UK's Robert Walters warns tariffs to compound hiring woes

    1What is the main topic?

    The article discusses Robert Walters' warning about the impact of US tariffs on the hiring market.

    2How have US tariffs affected Robert Walters?

    US tariffs have contributed to a 16% drop in Robert Walters' first-quarter income and increased hiring market uncertainty.

    3What measures is Robert Walters implementing?

    Robert Walters is implementing cost-saving measures, including AI investment and office network consolidation.

    More from Finance

    Explore more articles in the Finance category

    Image for Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    View All Finance Posts
    Previous Finance PostNivea-maker Beiersdorf posts marginal first-quarter sales beat
    Next Finance PostUK employers cut jobs in run-up to Reeves' tax hike