Blockchain firm folds, cites regulatory and sales challenges

Thor, a blockchain-based firm that aimed to connect gig economy workers with companies, has folded, according to an announcement posted online on April 9. The San Francisco-based company said it had raised $1.9 million in an initial coin offering, but did not reach the success it hoped.

CEO David Chin...

CTG and Cross Country Healthcare appoint new operations execs

CTG Inc. (NASD: CTG), a Buffalo, NY-based provider of IT staffing, and Cross Country Healthcare Inc. (NASD: CCRN) named new executives to lead operations.

CTG announced Thomas “Tom” Niehaus is rejoining the company as executive VP operations, North America, and a member of the executive...

Wisconsin launches worker misclassification task force

Wisconsin Gov. Tony Evers this week signed an executive order launching a joint enforcement task force on payroll fraud and worker misclassification. The task force will coordinate worker misclassification matters handled by the Departments of Revenue, Workforce Development, and Justice, as well as the...

NYC passes bill banning pre-employment marijuana drug testing (Lexology)

The New York City Council on April 9 passed a bill that prohibits employers from pre-employment drug testing for marijuana and tetrahydrocannabinols, known as “THC,” the active ingredient in marijuana, Epstein Becker & Green P.C. writes in a Lexology blog post. The bill prohibits employers,...

Hays gross profit up 6% in fiscal third quarter

Net fees, or gross profit, rose 6% on a like-for-like basis at Hays plc in the company’s fiscal third quarter ended March 31. “Like-for-like” measures organic growth of continuing operations at constant currency; gross profit rose 5% on a reported basis.

The London-based firm, which ranks as...

Adecco appoints exec to lead Modis

The Adecco Group named Jan Gupta to the newly created role of president of Modis, its IT, engineering and life science staffing and solutions division, effective May 6. Gupta will oversee Modis and also join Adecco’s executive committee.

In North America, Modis last year rebranded its divisions...

Global consumer confidence edges down, but remains at high levels

Global consumer confidence decreased slightly in the first quarter but remains at historically high levels, according to a new index launched by The Conference Board. The measure of consumer confidence edged down to a level of 106 from 107 in the fourth quarter.

The softening in consumer confidence in...

Massachusetts employment agency owner charged with underreporting payroll in workers’ comp case

The operator of a Worcester, Mass., employment agency was arrested Friday and charged in federal court with two counts of wire fraud, the US Attorney’s Office announced.

According to the criminal complaint, Tam Vuong controlled UT Services, which paid most of its workers in cash as part of a scheme...

Uber $100 billion valuation is ‘all mood and momentum’ — Staffing quote of the week

Human cloud, ride-sharing firm Uber Technologies Inc. is reportedly seeking a $100 billion price tag when it debuts on the New York Stock Exchange this spring, but NYU Stern professor Aswath Damodaran says Uber is worth much less, closer to $60 billion. “The market is a pricing game and not a...

Healthcare jobs grow at rapid clip, but wages stagnant (Healthcare Dive)

Healthcare employment is growing at a record pace, but wages remain stagnant, Healthcare Dive reports. Some experts say that is likely due in part to the trend of consolidating health systems.