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January mass layoffs rise 50.9%

February 25, 2009

The number of mass layoffs totaled 2,227 in January, a 50.9% increase over the same month last year, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. Initial unemployment claims associated with the mass layoffs rose 59.6% year-over-year in January...


Analysts International revenue down 35.3%

February 25, 2009

Analysts International Corp. (NASD: ANLY), a Minneapolis-based information technology services and staffing firm, announced fourth-quarter revenue fell 35.3% year-over-year to $56.8 million as the slowing economy cut demand for staffing, services and products. Fourth-quarter revenue for profess...


CTG solutions revenue up, staffing down

February 25, 2009

Fourth-quarter revenue edged down 1.4% from the year-ago period to $83.3 million at Computer Task Group Inc. (NASD: CTGX), with information technology solutions revenue rising and IT staffing revenue declining. Fourth-quarter net income nearly doubled. The Buffalo NY-based information technology...


Westaff - Audit raises doubt about future

February 25, 2009

Westaff Inc. (NASD: WSTF) said an audit report in the company's annual 10-K filing raised doubt about the company continuing as a going concern. The audit report cited recurring losses, the company being out of compliance with banking agreements and that the firm may not be able to extend its w...


Certifications - Aspen, Favorite

February 25, 2009

Aspen Medical Staffing, a Denver-based medical staffing firm, and Favorite Healthcare Staffing Inc., an Overland Park KS-based healthcare staffing firm received gold seals of approval from The Joint Commission.


CIBER fourth-quarter revenue slips 3.8%

February 24, 2009

Fourth-quarter revenue fell 3.8% year-over-year to $279.6 million at information technology solutions and staffing company CIBER Inc. (NYSE: CBR). The Greenwood Village CO-based company's fourth-quarter net income fell 16.4% to $6.0 million. Full-year 2008 revenue, however, rose 10.1% to $1.19...


CIBER fourth-quarter revenue slips 3.8%

February 24, 2009

Fourth-quarter revenue fell 3.8% year-over-year to $279.6 million at information technology solutions and staffing company CIBER Inc. (NYSE: CBR). The Greenwood Village CO-based company's fourth-quarter net income fell 16.4% to $6.0 million. Full-year 2008 revenue, however, rose 10.1% to $1.19 bi...


Report - Allegis cutting 10% of workforce

February 24, 2009

Allegis Group Inc., the largest U.S. staffing firm, is laying off 10% of its 10,000-person staff, the Baltimore Sun newspaper reported today.


Heidrick revenue down amid fewer searches

February 24, 2009

Executive search firm Heidrick & Struggles International Inc. (NASD: HSII) reported net fourth-quarter revenue fell 12.1% year-over-year (6% on a constant currency basis) to $134.9 million as the economic slowdown took hold. The number of executive searches decreased 16.9% year-over-year in the...


Consumer confidence index hits new low

February 24, 2009

The Conference Board's consumer confidence index fell to an all-time low in February, the organization reported today. The index now stands at 25.0 (1985=100), down from 37.4 in January. "The Consumer Confidence Index, which was relatively flat in January, reached yet another all-time low in Fe...