Seek reports ‘significant reduction’ in job advertisements amid Australian recession fears

Job listings portal’s revenues plunge and CEO says paid ad volumes expected to keep falling this financial year

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The job listings portal Seek has flagged a “significant reduction” in job advertisements, sparking hot competition for a dwindling number of roles.

Revenue derived from Seek’s Australian and New Zealand operations dropped 8% to $840m over the financial year as ad volumes fell 20%.

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