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UK – It’s ‘National Apprenticeship Week’

March 4, 2019

“National Apprenticeship Week” is this week in the UK, 4 March to 8 March. The week is coordinated by the National Apprenticeship Service and aimed at celebrating apprenticeships and the positive impact they have. This year’s theme is “Blaze a Trail”.

Jobs website operator CV-Library Limited...


Lyft files IPO prospectus, aims to trade on Nasdaq by end of month

March 4, 2019

Human cloud, ride-sharing firm Lyft made its initial public offering papers public in an IPO prospectus filed Friday with the US Securities and Exchange Commission. Lyft aims to trade on the Nasdaq Stock Market by the end of March under the symbol LYFT.

The documents show Lyft posted revenue of $2.2 billion...


Caldwell and CPGroup Latam end Latin American affiliation agreement

March 4, 2019

The Caldwell Partners International Inc. (TSX: CWL), a Toronto-based executive search firm, and CPGroup Latam agreed to end their affiliation agreement, effective Feb. 28.

Caldwell Partners formed a strategic alliance with CPGroup Latam in 2015 to expand its footprint in Latin America....


Canada’s fourth-quarter GDP at slowest pace since Q2 2016

March 4, 2019

Canada’s real gross domestic product edged up 0.1% in the fourth quarter, the slowest pace since the second quarter of 2016, Statistics Canada reported. Expressed at an annualized rate, real GDP edged up 0.4% in the fourth quarter.

For the full year, annual growth was 1.8% for 2018, down from...


ISM manufacturing index falls, employment expansion slowest since 2016

March 4, 2019

Economic activity in the manufacturing sector expanded in February at a slower pace than in January, according to the Institute for Supply Management’s purchasing managers index for US manufacturing. February’s index reading registered 54.2, down from January’s reading of 56.6 and its lowest level...


Checkr settles alleged AI-error lawsuit for more than $4 million (New Hampshire Union Leader)

March 4, 2019

The New Hampshire Union Leader reported the lack of human oversight of the artificial intelligence used by background screening provider Checkr has resulted in errors. More than 40 people have sued the background screening provider for violating the Fair Credit Reporting Act in recent years and...


Kforce to sell federal government solutions business for $115 million

March 1, 2019

Kforce Inc. (NASD: KFRC) agreed to sell Kforce Government Solutions Inc., its federal government solutions subsidiary, to ManTech International Corp. for an aggregate cash purchase price of $115.0 million.

The stock purchase agreement, dated Feb. 28, is expected to close by March 31; the deal is...


Upwork revenue up 23% in Q4

March 1, 2019

Online staffing provider Upwork Inc. (NASD: UPWK) reported fourth-quarter revenue rose 23.0% year over year to $67.3 million. The Mountain View, Calif.-based firm went public in October.

(US$ thousands) Q4 2018 Q4 2017 % change
Revenue $67,342 $54,759 23.0%
...


Robert Walters’ revenue up 7% in constant currency for 2018; deputy CEO stepping down

March 1, 2019

Robert Walters plc, a UK-based global staffing provider, reported revenue rose 7% in constant currency for 2018. The company also announced Giles Daubeney will be stepping down from the board and his role as deputy CEO after working for the company for more than 30 years.

Daubeney will officially step...


VMS provider VNDLY announces $11 million funding round

March 1, 2019

Vendor management system provider VNDLY announced it closed an $11 million in a series A funding round led by Battery Ventures and Hyde Park Venture Partners.

“We founded VNDLY in 2017 to address a rapidly growing problem fueled by the rise of contractors, freelancers and the gig economy,” said Shashank...