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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...


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 f...


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.


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 Febr...


Manpower announces new Vietnam license

February 23, 2009

Manpower Inc. (NYSE: MAN) announced Sunday it became the first 100% foreign-owned employment services company to enter Vietnam when it received a license for permanent employment services from the Hanoi People Committee. The company was previously licensed as an outplacement and human resources...


ASA says staffing employment slipped 19.5%

February 23, 2009

The number of U.S. temporary workers plunged 19.5% in the fourth quarter of 2008 from the year-ago period, according to the American Staffing Association's quarterly staffing employment survey. The decline exceeded the 18.4% year-over-year decrease measured in the third quarter of 2001. Staffing...


Survey - CIOs cite efficiency, tighter budgets

February 23, 2009

Improving operational efficiency is the No. 1 objective this year, according to a majority of chief information officers (86%) surveyed by Harvey Nash USA, an information technology solutions and staffing firm. CIOs are also facing budget pressures, according to the survey. A third said they are...


Pomeroy gets third bid from founder

February 23, 2009

Pomeroy IT Solutions Inc. (NASD: PMRY) said Friday its founder and largest shareholder, David Pomeroy, made a third bid to acquire the firm. The bid offers $4.50 for all shares not already owned by Pomeroy. The company said it formed a special board committee to review the proposal. "I firmly b...