ManpowerGroup Inc. (NYSE:MAN) Q3 2023 Earnings Call Transcript

And we’re progressing that as we speak in Europe, and that’s a lot of significant work that we’re undertaking. And that’s what I referred to when I mentioned that we are taking SG&A down significantly, but one area where we’re continuing to invest is in this transformation. You can see that in our corporate expenses, and you’ll see that in a more significant way into the fourth quarter as well. So that is where we’re making some very significant progress. We’re very excited about that. And I think, Jonas, do you want to comment on that as well?

Jonas Prising: Yeah. I think, Stephanie, for us, this is a huge strategic move, and we think it’s a big differentiator for us to have common global front- and back-office technology platforms. And as you can imagine, the first phase, of course, is all about driving commonality and process alignment and generating productivity, but the add-ons that we can already see some progress on, but think yield great opportunities into the future applying AI to the data and the insights that we can generate and then replicate very quickly across all of our operations and all of our functions as well. So, it is a very heavy and labor-intensive and resource-intensive journey that we have been on now for the better part of three-and-a-half years, but we think this has the promise of really generating a lot of value for our clients, our candidates, and for the company looking into the future.

Unidentified Analyst: Okay. I really appreciate the color. Thank you. I’ll just leave it at that.

Jonas Prising: Thank you, Stephanie, and thanks, everyone. I think that brings us to the end of our earnings call for the third quarter. Thanks, everyone, for listening in and for your questions. We look forward to speaking with all of you again in our fourth and full year earnings call in January. Thanks so much.

Operator: Thank you for your participation. This concludes the program. You may now disconnect. Everyone, have a great day.