More than a third of staffing firms, 38%, have laid off internal workers in the second and third quarters of this year, according to the US Staffing Industry Pulse Survey Report released by Staffing Industry Analysts.
The 151 staffing firms taking part in SIA’s Pulse report were asked whether they laid off internal staff — and to what extent — in the second or third quarters of 2023.
A fifth of staffing firms laid off between 1% and 5% of their internal staff.
SIA’s Pulse report also tracks revenue growth, and monthly revenue fell a median 7% year over year in August among firms taking part in the report. That compares to a decline of 6% when firms were asked about June.
The biggest year-over-year revenue declines in August were in travel nursing and per diem nursing, which were down at the median by 22% and 15%, respectively. On the flip side, locum tenens revenue was up 10% at the median.
IT and office/clerical staffing revenue were both flat, while the median response for industrial staffing revenue was down 6% in August.
The US Staffing Industry Pulse Survey Report is based on data submitted by 151 staffing companies. It is available to SIA corporate members; the full Pulse report is available only to companies that took part in the survey. For more information on participating in the next survey, contact cstarkey@staffingindustry.com.