U.K.-based recruitment-platform provider Madgex is citing slower growth for 2009-2010 and a scaling back of new site launches in its foreseeable future. After four years of profitable revenue growth of about 50 percent each year, the company reduced current projections to 12 percent year-on-year.
As a result, Madgex warned that it may have to “consider the possibility” of reducing its 81 employees to 62 in an operational restructuring. CEO Simon Conroy said that any staff reductions would not impact project-delivery deadlines, service-level agreements or the company’s investment in innovation.
Madgex just launched Trinity Mirror’s new job site. Other clients in the U.K. include the The Guardian, The Sun, The London Paper, Reed Business and the TotalJobs Group, among others.