Human cloud firm Didi Chuxing denies IPO reports

Human cloud firm Didi Chuxing denied reports that it’s planning an initial public offering, CNBC reported. A Didi Chuxing representative told CNBC that it currently has no IPO plan. News reports had indicated the China-based company was planning an IPO. The company was formerly known as Didi Kuaidi...

GreenKiss Staffing parent plans IPO

The US Securities and Exchange Commission qualified GreenKissNY Inc.’s offering statement to offer 3 million shares of its common stock at a price of $1.00 per under SEC Regulation A.

GreenKissNY’s three separate business units include GreenKiss Staffing Solutions Inc., which provides staffing solutions...

Recruit net sales rise 22%, Indeed net sales jump

Net sales rose 22.2% at staffing and publishing firm Recruit Holdings Co. Ltd. to a total of ¥1.59 trillion (US$14.12 billion) in its fiscal year ended March 31.

The Tokyo-based firm’s staffing brands in the US include Staffmark, Advantage Resourcing and Atterro. In addition, the company owns Indeed.com,...

Apple invests $1 billion in human cloud firm Didi Chuxing

Apple Inc. invested $1 billion in China-based ride-sharing firm Didi Chuxing, formerly known as Didi Kuaidi. The firm ranks as the second-largest company in a workforce segment that Staffing Industry Analysts defines as the human cloud. The largest is Uber.

“Didi exemplifies the innovation taking place...

Forecasters lower GDP estimate for 2016

Forecasters revised down their estimate for growth in US gross domestic product in the second-quarter survey of professional forecasters released today by the Federal Reserve Bank of Philadelphia. However, the forecast for employment growth improved.

GDP is now expected to grow 1.7% in 2016, down from...

People: Cerius, GES, Healthcare IT Leaders, MW Partners and more

Global Employment Solutions, a professional staffing provider based in Littleton, Colo., announced Shawn Mckinstrie joined the company as regional VP. Mckinstrie will initially oversee daily operations and growth initiatives, including market strategy, implementation of best practices and building brand...

Report finds 21% of millennials switched job in the last year

The millennial generation — those born between 1980 and 1996 — deserve their reputation as job hoppers, according to research reported by the Harvard Business Review. The research found 21% of millennial workers had left their job in the last year to do something else, a number that is more than...

Lyft settlement more than doubles to $27 million

Lyft will pay $27 million in a newly proposed settlement — more than twice as much as a previous settlement rejected by the court — to end an independent contractor compliance case brought by California drivers, according to court filings.

Drivers would remain independent contractors — as in the...

Class of 2016 grads optimistic on jobs, survey finds

The class of 2016 is optimistic about job prospects despite a growing trend in underemployment, according to the fourth annual Accenture Strategy 2016 US College Graduate Employment Study released today by Accenture (NYSE: ACN).

Twenty-one percent of this year’s college graduates accepted a job before...

SuperShuttle sues California over independent contractor status, report says

Airport ground transportation company SuperShuttle is suing to defend its model of classifying independent contractors as employees, the Los Angeles Times reports. The company shifted to the independent contractor model after Sept. 11, 2001, but it has come under fire from several lawsuits. “It’s...