In the quarter to 31 March, the recruiters saw gross profits dropping 11%, to £181mln for PageGroup and to £87mln for Robert Walters.
While both companies have engaged in home working and cost-cutting plans, PageGroup announced stricter measures, such as firing over 250 staff over the course of this month.
The firm already sacked 132 employees in the first quarter.
PageGroup also decided to cancel the final dividend of 9.4p per share, saving £30mln.
As of 31 March it had £83mln in cash and an undrawn £30mln credit facility.
Robert Walters had £109mln in cash plus a £60mln committed loan facility at the end of the period.
Shares in PageGroup rose 1% to 333.2p while Robert Walters dipped 2% to 360p on Wednesday at the opening bell.