Hiring cut back due to Brexit

International companies are cutting back on hiring and senior staff are reluctant to switch jobs because of uncertainty over Brexit, said British recruitment firm PageGroup.

Companies in Britain were filling vacant positions and roles created by restructuring, but were holding back on creating new jobs or setting aside budgets for expansion, CEO Steve Ingham said.

“The reality is uncertainty does not breed confidence to move your career from one company to another or commit to hiring people when you’re running a business,” he told Reuters. Its shares slid as much as 9%.