Correction

The email subject line for the Americas edition of the Staffing Industry Daily News contained an incorrect growth rate for gross profit at PageGroup. The rate should be a decline of 12.8%.

PageGroup gross profit down 12.8% in Q1 as market slows

PageGroup plc announced that gross profit fell 12.8% to £219.7 million (US$277.8 million) on a constant currency basis. The slowdown PageGroup saw at the end of the fourth quarter of 2023 continued into first quarter, with some deterioration experienced, particularly within Continental Europe.

Trading...

Caldwell Q2 hit by ‘softness’ in bookings, sees improvement ahead

The Caldwell Partners Inc. (TSX:CWL) said it’s currently seeing an increase in executive search bookings, but a difficult market in its fiscal first quarter affected its fiscal second quarter ended Feb. 29. Revenue fell 17.2% year over year at the Toronto-based firm in the second quarter to C$17.9...

Vangst acquires temp staffing division of CannabizTeam

Vangst, a Denver-based staffing platform specializing in the cannabis industry, acquired CannabizTemp, the temporary staffing division of CannabizTeam, a cannabis-focused executive search firm based in San Diego.

The deal, which closed on April 10, comprises a 50% cash and 50% stock transaction and marks...

The Ōnin Group promotes exec to CEO, initiates ESOP

The Ōnin Group promoted Jim Weaver to CEO and announced the initiation of an employee stock ownership plan, or ESOP.

Weaver previously was chief operating officer at the Birmingham, Alabama-based staffing firm. He joined the company 23 years ago as an out-of-work musician seeking a warehouse position....

The demise of DE&I is greatly exaggerated

Diversity delivers proven benefits to business and individuals, but DE&I has come under pressure in some corners following the June 2023 Supreme Court decision overturning racially focused admission policies at universities. Some politicians have also attacked DE&I. But what can businesses do...

Inflation still too high for Fed, exec says

Inflation is still too high for the US central bank to be weighing interest rate cuts, Reuters reported, citing Kansas City Federal Reserve President Jeff Schmid. “With inflation still running above 2% and labor markets still tight, it is appropriate that monetary policy remain restrictive,” Schmid...

TCS revenue growth picks up to 2.2% in Q4, worker files suit

Revenue rose at Tata Consultancy Services Ltd. in its fiscal fourth quarter ended March 31. The pace of growth was down from a year ago but was up when compared to the third quarter. North American revenue at the IT services giant fell. Separately, media reports say the company was sued in by a US worker...

College job outlook dips, but NACE says most employers hiring

A majority of employers plan to either increase hiring or maintain hiring levels for the class of 2024. Approximately a quarter of employers, 24.9%, are planning for an increase in the hiring of new grads from the college class of 2024, and 57.7% are maintaining their hiring levels, according to the National...

Retail hiring rises by 10% amid layoffs: iCIMS

Despite layoffs and flat job openings, retail hiring increased by 10% in March, according to a report by iCims, an applicant tracking system provider. The organization found that full-time retail jobs are in demand, with applications per opening rising 50% year over year in March.

Retail employers are...