A market-driven slowdown in hiring activity led “disappointing declines” in revenue, Hudson Global Inc. (NASDAQ: HSON) reported Nov. 9. The RPO provider announced third-quarter revenue fell 17.9% in constant currency to $39.4 million.

“On the positive side, we continue to win new business that will ramp up in the coming months,” CEO Jeff Eberwein said in a press release. “We are confident in our ability to manage the business in this environment and remain well positioned to respond to the needs of our clients going forward.”

Hudson Global reported the biggest decline occurred in its Americas business.

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Share price

Shares in Hudson were down 1.40% to $15.20 as of 12:37 p.m. Eastern time; they were 3.68% above their 52-week low, according to FT.com.