Business · Companies · 11 hrs ago

Japanese staffing firm doubled rates as clients cut orders, former executive says

Japanese staffing firm doubled rates as clients cut orders, former executive says

A former executive says he joined a Japanese staffing company last year and left eight months later.

The company supplied creative workers to make printed catalogs and pamphlets for large businesses.

He says the company’s president spent heavily on investments and overseas travel, leaving the firm in deficit.

The president then doubled the rates charged for staffing services.

Clients reduced their orders, and employees continued to quit.

The former executive says he also left, describing a company in deep trouble.

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What people are saying

A, former executiveFormer staffing company executive
Last year, I was recruited as an executive by a staffing company, but the president was too much.
via Toyo Keizai
He spent heavily on investments and overseas travel, and the company fell into deficit. Then, all of a sudden, he doubled the staffing rates.
via Toyo Keizai
Naturally, the client companies cut orders, and employees kept quitting. I also left after eight months.
via Toyo Keizai