Kforce Inc. (NASDAQ: KFRC) last month announced in a regulatory filing with the US Securities and Exchange Commission that it is seeking to divest its interest in its joint venture with WorkLLama. WorkLLama provides a total talent acquisition and engagement suite.

“In order to bring even greater strategic focus to investing in the growth of our technology staffing and talent solutions focused business, we have made the decision to pursue an immediate divestiture or exit of our equity stake in WorkLLama, a joint venture formed in June 2019,” Kforce stated in the filing.

The carrying value of Kforce’s investment in WorkLLama at the end of the third quarter was $14.8 million, and the value of the note receivable due from WorkLLama was $4.5 million for a total of $19.3 million.

Kforce also confirmed its revenue forecast for the fourth quarter.

“Based on our operating trends thus far in the quarter, we expect our revenues to be within the previously announced range of guidance of $414 million to $422 million for the quarter ending Dec. 31, 2022. Our guidance for the fourth quarter contemplated sequential growth in our technology business on a billing-day basis and year-over-year growth in the high single digits,” it stated.