Levin have announced a strategic restructuring following a comprehensive review by the Board. Their decision to streamline operations, focusing on high-potential markets, aligns with the company’s vision to build the leading technology recruitment company in the world.
James Brown, CEO of Levin, commented:
“We have evaluated how best to align our physical presence to where most technology investment occurs globally, which happens predominantly in the USA. We have chosen to exit the European market and increase investment into accelerating our USA footprint. Despite having an exceptional team in mainland Europe, the region has received significantly lower tech investment than expected in recent years. We are deeply thankful to the European teams who contributed significantly to our journey.
Brown continued “This decision was not made lightly. We are immensely proud of Europe’s contribution to the company’s DNA and brand presence. Our focus now is on leveraging the outstanding performance of our UK and US offices, which have shown remarkable growth in productivity and performance over the past 12 months.”
Levin’s London and New York teams will concentrate exclusively on the USA market, where recent performances have been strong. This strategic shift allows the company to capitalise on its’ opportunity in the most dynamic and high-growth tech sector. As part of the strategic change in focus, Levin’s UK and US businesses have undergone a corporate restructuring supported by its lead investor Puffin Point.
Jamie Willoughby of Puffin Point commented:
“While market conditions have necessitated a re-evaluation of our plans, we are excited about the future. The recent decisions will ensure sustainable growth. We have full confidence in Levin’s leadership and continue to support the company’s forward momentum.”
Levin remains committed to its mission is to connect hard-to-find, senior specialist talent with game-changing technology companies that will shape our future through innovation in energy, finance, health and education. This new direction allows the company to navigate the evolving market landscape with renewed focus and agility.
