IT staffing provider TSR delays annual meeting amid shareholder suits

IT staffing provider TSR Inc. (NASD: TSRI) postponed its annual meeting of stockholders, originally scheduled for Nov. 28, as it confronts both a proxy battle and two lawsuits. A new meeting time is still to be announced.

The board said additional time is needed to review and respond to proposals from...

Proposed change in temp-worker H-2B and H-2A visa advertising rule

Employers seeking temporary nonagricultural workers through the H-2B visa program would be required to post advertisements for the jobs online for at least 14 days under a rule proposed by the US Department of Labor and the US Department of Homeland Security. This would replace a current rule that...

Big tech jobs are ‘$100,000-a-year welfare’: Y Combinator exec — Staffing quote of the week

Michael Seibel, who leads startup incubator and investment firm Y Combinator, advised more than 2,000 engineering students gathered for an app-building competition at University of California, Berkeley, to avoid jobs in big tech. “The worst thing that can happen to you is you get a job at Google,”...

US at full employment, Fed study finds (Bloomberg)

Bloomberg reported the US labor market has little room to tighten, according to a new study from the Federal Reserve Bank of San Francisco that examines trends in the number of Americans who are either working or looking for jobs. “Our estimates indicate that the aggregate labor force participation...

Staffing 360 changes capital structure to maintain Nasdaq listing

Staffing 360 Solutions Inc. (NASD: STAF), a staffing provider operating in the US and UK, announced changes to its capital structure as part of an effort to get back in compliance with Nasdaq listing requirements. The company had been notified in April that it did not comply with the minimum $2.5...

Online staffing platform Wonolo closes $32 million series C funding round

Online staffing firm Wonolo closed a $32 million series C funding round led by Bain Capital Ventures.

The deal follows a $13 million series B funding round in April, led by Sequoia Capital, and brings Wonolo’s total funding to $60 million.

New investor DAG Ventures and existing investors Sequoia...

LinkedIn closes acquisition of AI-driven employment engagement platform

LinkedIn closed on its acquisition of employment engagement and retention platform Glint. The acquisition extends LinkedIn’s offerings to include visibility into the overall health and productivity of the people within an organization, as well as recruitment strategies.

LinkedIn first announced the...

New Bernie Sanders legislation would require $15 minimum wage, or no stock buybacks — includes part-timers and contractors

Sen. Bernie Sanders (I-Vt.) and Rep. Ro Khanna (D-Calif.)  introduced a bill that would prohibit employers with more than 500 employees from buying back stock unless they pay all employees at least $15 an hour — including part-time employees, independent contractors and franchisee employees.

The...

Disbarred lawyer gets prison for fictional temp scheme (Tulsa World)

A disbarred lawyer was sentenced to federal prison last week in a scheme involving fictional temporary workers, Tulsa World reported. In a plea agreement with prosecutors, Harvey Joseph Stephens admitted to creating fictitious contract employees while working as a human resource manager at Sagebrush...

Silicon Valley wages drop for all except highest-paying jobs (The Mercury News)

Inflation-adjusted wages for employees in the middle of Silicon Valley’s income ladder declined between 12% and 14% over the past 20 years, The (San Jose, Calif.) Mercury News reported. According to a study from UC Santa Cruz’s Everett Program for Technology and Social Change and the labor...