Many employers in New Zealand and Australia that moved quickly to lay off staff during the economic downturn now believe they made too many people redundant, according to recruitment firm Hudson.

The firm says its survey of 605 employers and 1690 employees – 21 per cent of which were in New Zealand – indicated that 84 per cent felt they had axed too many jobs.

Hudson’s general manager, Marc Burrage, said many employers now found themselves under-staffed or without the right talent.

“Most employers we spoke to said that, in retrospect, they wished they hadn’t made the cuts they had during the downturn,” he added.