Adecco slumps as investors fret about AI risks, dividend cut

Adecco AG

26/11/2025 11:33

** Shares in Adecco ADEN.S slide 8% as the staffing company reiterated its commitment to 3%-6% margin corridor and leverage at or below 1.5x by end 2027

** "Investors might realize the risk of AI and automation to the business of Adecco and the risk of a dividend cut to reach the target leverage," Zuercher Kantonalbank's analyst Gian Marco Werro says

** He advises against buying the shares due to the few signs of recovery in core markets, pressure on the gross margin and little room for further cost cuts

** Stocks in the Swiss firm are at the bottom of Europe's STOXX 600 .STOXX and on track for worst day since April last year

 (Reporting by Paolo Laudani and Bernadette Hogg in Gdansk)

 ((Paolo.laudani@thomsonreuters.com))