compensation by 22% effective Jan. 1 and reduced its sales and recruiting staff by 24%. The company also plans to raise almost $2 million in cash through the sale of a controlling stake to PSQ LLC.
"While the short-term economic environment may have temporarily eased the ability to recruit and retain clinical staff, the long-term dynamics of an aging population will drive the need
and increased fee income in its division that handles vendor management, services procurement and recruitment process outsourcing.
The new fourth-quarter revenue estimate represents a decrease of 5.7% to 8
of Beeline. "Beeline now has over 200 employees, 150 clients, oversight of over $2 billion in annual contingent labor spend, and a strong array of recruitment, development and retention solutions," said
by the moves in the U.K. and remain in business.
In January, U.K.-based Recruiter magazine reported that Albany had apologized for any inconvenience or financial hardship after a GBP3 million factoring
.5%. In constant currency, revenue increased by 29.8% and gross profit by 40.2%. While market conditions remained challenging in North America, the level of recruitment activity is improving, the company said. Gross
solutions division; dipped 0.5% to $19.4 million in its Management Recruiters International unit; and fell 6.6% to $56.5 million in its IT solutions unit, which includes information technology services