Kelly Services to Reduce Corporate Staff by About 2%

Kelly Services, a prominent name in the staffing and recruiting sector, has revealed plans to downsize its corporate team by approximately 2%.

A representative for the firm, which is headquartered in Troy, Michigan, stated that this strategic downsizing involves around 5,000 corporate roles and is necessary to adapt to the shifting demands of their clients while optimizing the company's organizational framework.

This decision will impact close to 100 personnel, as the spokesperson confirmed.

These changes are being implemented shortly after the appointment of Chris Layden as CEO, a transition following the retirement of his predecessor.

This move aligns with a broader slowdown in the US job market. Although the general rate of layoffs remains low, there is a noticeable increase in difficulty among job seekers, particularly in corporate sectors.

Reports from Challenger, Gray & Christmas highlight that as of September, recruitment plans from US employers have hit their lowest since 2009.

In 2024, Kelly Services generated $4.3 billion in revenue and facilitated the placement of over 400,000 employees annually in various industries, including science, technology, education, and finance.

Following the announcement, Kelly's stock saw a slight decline of under 1% during afternoon trading on the subsequent Wednesday.