Maxim downgraded Recruiter.com to Hold from Buy. The company’s Q4 results saw a wider adjusted EBITDA loss, and with the weakening demand for recruiting, Recruiter.com looks to be focused on cost-cutting and partnerships to outsource lower margin businesses, the analyst tells investors in a research note. Maxim adds that base on the company’s cash and debt position, it will likely need to raise capital in 2023.
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