Randstad buys Torc, aims to increase access to digital talent

Randstad announced today that it has acquired Torc, a talent platform for engaging remote software developers. Terms of the deal were not announced. The acquisition was made by Randstad’s Randstad Digital division. It aims to increase clients’ access to digital talent, including global delivery centers....

GEE cites difficult environment, Q2 revenue falls

GEE Group (NYSEAMERICAN: JOB) reported lower revenue in its fiscal second quarter as companies delayed the initiation of projects requiring contingent labor, among other factors.  It said it is cautiously optimistic about potential economic and labor improvements in the "near future, ”according...

TSR strikes deal to be acquired by BCforeward founder

TSR (NASDAQ: TSRI), a Hauppauge, New York-based IT staffing provider, has agreed to be acquired by Justin Christian, the CEO and founder of Bucher and Christian Consulting, dba BCforeward. Christian’s firm is one of the largest Black-owned professional services and workforce management solutions firms...

Biden administration releases AI guidance for employers

The Biden administration released a set of principles on artificial intelligence aimed at providing guidance to employers.

“Workers must be at the heart of our nation’s approach to AI technology development and use,” said Acting Labor Secretary Julie Su. “These principles announced today reflect...

Jobless claims fall by 10,000, still at historically low levels

US initial jobless claims fell by 10,000 in the week ended May 11 to 222,000, the US Department of Labor reported today. The previous week’s level was revised upward by 1,000.

The Associated Press noted that fewer Americans applied for unemployment benefits as layoffs remain historically low despite...

Lofton acquires fellow Louisiana staffing firm Frazee Recruiting

Lofton Staffing and Security, a Baton Rouge, Louisiana-based staffing provider, acquired Frazee Recruiting Consultants, a fellow Baton Rouge-based staffing firm.

“Frazee Recruiting, along with its founder and CEO, Marianne Frazee, has been a business ally for years,” Lofton co-President Bart Lofton...

Judge rejects staffing firms’ motion in case of 3-year work requirement

A federal judge rejected a motion by two New York City staffing firms to dismiss a US Department of Labor lawsuit against them. The court announced the ruling on May 15. The firms recruited healthcare workers from the Philippines and required them to either work for three years or repay wages to make...

NYC settles with DoorDash because of driver rejections over convictions

New York Attorney General Letitia James announced a settlement with DoorDash for alleged discrimination against 2,898 driver applicants who had criminal histories, in violation of the New York City Fair Chance Act and corrections laws. DoorDash will pay a penalty of $75,000, which will be distributed...

Recruit revenue down 4%; job supply and demand mismatch eases

Recruit Holdings, the world’s fifth-largest staffing firm, reported revenue fell 4% on a constant currency basis in its fiscal fourth quarter ended March 31. Total revenue was 843.7 billion yen (US$5.58 billion). The Tokyo-based company, which owns Indeed and Glassdoor, noted total job ads on Indeed...

Jennmar receives PE investment of more than $250 million

FalconPoint Partners, a New York-based private equity firm, made an equity investment of more than $250 million in Jennmar, a Pittsburgh-based global provider of infrastructure products and specialized services including engineering support and staffing to the civil infrastructure, solar, mining and...