Daily News
People on the move: ManpowerGroup, Lexitas, Rippling, TurnkeyZRG, Jackson, Swoon, Barton, Vaco, TalentNeuron
February 16, 2024ManpowerGroup Inc. (NYSE: MAN) reported William Downe plans to retire from its board and will not stand for reelection when his term expires at the annual meeting of shareholders in 2024. Downe has served on the board since 2011 and as lead director from 2017 to 2023. He formerly served as CEO at...
No Staffing Industry Daily News on Monday
February 16, 2024The Staffing Industry Daily News will not be published in the Americas on Monday, Feb. 19, because of the Presidents’ Day holiday. The next Daily News will be on Feb. 20. Have a great holiday!
Kelly’s education business is bright spot in challenging Q4
February 15, 2024The uncertain economy continued to affect demand for staffing in the fourth quarter, Kelly Services Inc. (KELYA, KELYB) reported today. Fourth-quarter revenue fell 1.3% in constant currency at the Troy, Michigan-headquartered staffing giant. However, Kelly’s education staffing business was a bright...
Upwork Q4 revenue up as number of active clients reaches high
February 15, 2024Upwork Inc. (NASDAQ: UPWK), the world’s largest talent platform, recorded revenue growth in the fourth quarter and the number of active clients reaching an all-time high.
“Our business is flexible and resilient, as the skilled talent on Upwork are a critical resource to businesses small and large,”...
UK recruiter Salt expands global footprint with Zelo deal
February 15, 2024Salt, a London-based global recruitment firm, acquired Zelo Digital, a recruitment firm focused on digital advertising also based in London. The deal closed at the beginning of February.
The acquisition, effective immediately, aims to expand Salt’s presence across the US, Europe and Asia Pacific regions...
Employee and job-seeker confidence surges, Vaco reports
February 15, 2024Employee and job-seekers’ confidence in their ability to secure and retain employment surged this quarter, according to a report by Vaco, a global staffing firm.
The first-quarter Vaco Talent Pulse Report found that 73% of job seekers and employees are currently confident in their ability to get and...
Gen Z most worried about AI skills
February 15, 2024Gen Z workers were the generation most concerned about someone with better AI coming along and taking their jobs, according to a survey of US workers by D2L, a global learning technology company.
More than half of Gen Z respondents, 52%, said they felt worried someone with better AI skills could replace...
Jobless claims fall by 8,000, businesses not cutting jobs
February 15, 2024US initial jobless claims fell by 8,000 in the week ended Feb. 10 to a total of 212,000, the US Department of Labor reported today. The previous week’s level was revised upward by 2,000.
MarketWatch reported the total was below expectations with business not hiring as much as they did last year but...
GEE foresees tough market in first half as Q1 revenue falls
February 14, 2024GEE Group Inc. (NYSEAMERICAN: JOB), a provider of professional staffing, reported macroeconomic weakness weighed on results in its fiscal first quarter ended Dec. 31, 2023. Revenue fell 25.6% year over year.
“We are in the midst of a very difficult macroeconomic environment that has severely impacted...
Wipro takes $66 million stake in IT firm serving insurance segment
February 14, 2024IT services giant Wipro Ltd. (NYSE: WIT) acquired a majority stake in Aggne Global Inc., a provider of IT services for the insurance and insuretech industries with a focus on the Duck Creek platform. Duck Creek is a suite of cloud-based, low-code products that enable property and casualty insurers to...