Firms willing to pay millions to attract academics to artificial intelligence jobs – Staffing quote of the week

“What we’re seeing is not necessarily good for society, but it is rational behavior by these companies,” Andrew Moore told The New York Times. “They are anxious to ensure that they’ve got this small cohort of people” who can work on this technology. Moore is the dean of computer science at...

Report cites decline in business passengers for Uber, but Lyft gets most market share ever (CNET)

CNET reports human cloud, ride-sharing firm Uber reportedly lost 1% of the ground transportation market, citing a report released by Certify, a management software company that tracks business expenses and travel receipts. In some cities, like San Francisco, it saw an 8% fall. Meanwhile, Lyft had its...

CTG revenue falls 5% amid decreased demand from largest clients, but European revenue rises

Third-quarter revenue fell 5.2% at Computer Task Group Inc. (NASD: CTG), with the company reporting the decrease primarily reflects reduced demand from the largest staffing clients. However, the Buffalo, NY-based IT staffing and services provider noted European revenue rose 18.9%.

CTG lowered its full-year...

Nelson Family of Companies promotes exec to CEO role

The Nelson Family of Companies, an independent staffing firm based in Northern California, is promoting Joe Madigan to CEO, effective Jan. 1. Madigan currently serves as executive VP.

He will take over from Jack Unroe, who has served as interim CEO for the past 27 months. Unroe will return to his previous...

Bullhorn announces sale to new private equity firm

Bullhorn, the staffing and recruitment software firm, announced today it is being acquired by Insight Venture Partners, a New York-based private equity firm focused on technology.

“We are excited to work with Insight to amplify our tremendous momentum with another great financial sponsor as we continue...

Employment conditions fall to lowest level in more than a year, new NABE survey says

The National Association for Business Economics’ October 2017 business conditions survey indicates employment conditions fell in the third quarter the lowest level in more than a year.

“Labor markets remain tight, with 26% of panelists reporting that their firms have taken steps to address difficulty...

Minneapolis employment agency to pay $400,000 in overtime case

A Minneapolis employment agency agreed to pay more than $400,000 in back wages and damages to resolve overtime violations, the US Department of Labor announced.

The US District Court for the District of Minnesota entered a consent judgment agreed to by the department and All Temporaries Midwest Inc. and...

Advisory firm backs investor in ADP proxy battle (TheStreet)

TheStreet reported billionaire activist Bill Ackman got a major boost for his proxy war at Automatic Data Processing Inc. (NASD: ADP) this morning after Glass Lewis, one of two major investor advisory firms, recommended that investors back his minority-slate of dissident director candidates seeking election...

Truck driver shortage could drive wages up 40% (Trucks.com)

Trucks.com reports that after years of stagnant wages, truckers look to be in line for several years of strong income growth as the major motor carriers scramble for drivers. Driver wages could climb 30% to 40% over the next two years, said Eric Fuller, chief executive of US Xpress, a 7,400-truck motor...

ManpowerGroup Q3 revenue rises 4% in constant currency, but falls in US

Third-quarter revenue rose 4.3% in constant currency at ManpowerGroup (NYSE: MAN) with French revenue — the company’s biggest geography — up 10.2% in constant currency and Italian revenue up 22.7%.

Gross margin also narrowed in the third quarter, but net earnings rose.