Uber revenue up 61%, but reports $4.5 billion loss (Bloomberg)

Human cloud, ride-sharing firm Uber Technologies reported adjusted net revenue rose 61% year over year in the last quarter to $2.22 billion on sales of $7.5 billion, Bloomberg reported. However, the company posted a loss of $4.5 billion. Uber CEO Dara Khosrowshahi was scheduled to speak today at a Goldman...

Exec gets three months prison for staffing scheme (Indianapolis Business Journal)

The Indianapolis Business Journal reported Nimesh Patel, who admitted to participating in a bribery and kickback scheme involving an Indianapolis-based IT consulting and staffing company and a national not-for-profit, was sentenced Friday to three months in federal prison. According to the indictment, Dilip...

Randstad Q4 revenue up 9% organically; Europe drives growth, but US advances more slowly

Randstad Holding NV’s revenue rose across Europe in the fourth quarter, but growth was not as quick in North America. The company today reported total fourth-quarter rose 9% on an organic basis, which excludes the impact of currency, acquisitions and divestitures and adjusts for working days.

Randstad fund invests in RPO software firm gr8 People

Recruiting software provider gr8 People announced an $8 million Series B financing round led by Boston-based Ascent Venture Partners, with continued participation from Delancey Street Partners and Randstad Holding nv’s Randstad Innovation Fund.

This round brings gr8 People’s total funding to date...

Recycling industry staffing provider Leadpoint appoints COO

Leadpoint, a staffing provider to blue-collar production environments, named Len Christopher as COO, effective Feb. 1. This is a new position within the firm.

Leadpoint provides workers to the waste and recycling; warehousing and logistics; and manufacturing industries. Christopher will lead the company’s...

Freelancers anticipate business growth, PayPal report finds

The majority of freelancers globally expect their business to grow in the future — especially in Vietnam, India, the Philippines, Mexico and Argentina — according to results from PayPal’s Global Freelancer Insights Report, which examined the needs of freelancers in 22 markets. The report found...

Independent contractor ruling is ‘doubly big’ win for Grubhub – Staffing quote of the week

Charlotte Garden, an associate law professor at Seattle University, told the Chicago Tribune that last week’s court decision that a driver was classified correctly as an independent contractor is a “doubly big” win for Grubhub Inc. (NYSE: GRUB) due to California’s relatively high standard for...

California Republican pushes H-1B visa limits with tech company support (Bloomberg)

Bloomberg reports California congressman Darrell Issa, backed by US technology companies, is pushing for the House to consider legislation that would narrow the number of eligible candidates for H-1B visas and raise the annual salary threshold for visa applicants to at least $90,000. Issa, the Republican...

US economic growth strengthens, Philadelphia Fed forecast gets upward revisions

The US economy’s growth outlook is stronger now than three months ago, according to the first-quarter edition of the Survey of Professional Forecasters released by the Federal Reserve Bank of Philadelphia.

The forecasters now predict real GDP will grow at an annual rate of 3.0% this quarter, up from...

PEO Insperity reports revenue up 13.4% in Q4

Professional employer organization Insperity Inc. (NYSE: NSP) reported fourth-quarter revenue rose 13.4%, primarily due to a 9.8% increase in the average number of worksite employees paid per month.

The Houston-based company attributed the worksite employee growth to new client sales driven by an increase...