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Brazilian job recruitment marketplace Revelo raises $4.6 million (TechCrunch)

October 20, 2017

Revelo, a Brazilian job marketplace raised $4.6 million in its latest financing, TechCrunch reports. “We use machine learning and adaptive technical tests to offer a curated talent pool of engaged talent to our more than [1,500] clients,” said Revelo’s co-founder Lucas Mendes, in a statement...


Lyft announces $1 billion funding round led by Google investment fund

October 19, 2017

Human cloud, ride-sharing firm announced in a blog post that it received $1 billion in a funding round led by CaptialG, an investment fund formed by Alphabet, the parent of Google. The investment brings Lyft’s post-money valuation to $11 billion.

The deal calls for CapitalG Partner David Lawee to join...


Staffing 360 revenue rises 9% in Q3 but net loss increases

October 19, 2017

Staffing 360 Solutions Inc. (NASD: STAF), in a pre-release of earnings, reported revenue rose approximately 9% to $50 million in its fiscal third quarter ended Sept. 30. This includes $6 million from acquisitions.

Gross margins increased to 18.5% from 18.3%, but net loss increased. Full results are expected...


Canadian staffing index posts moderate year-over-year growth in September

October 19, 2017

The Canadian staffing index, which measures staffing activity in Canada, fell 4% in September from August to a reading of 109. However, on a year-over-year basis, the index was up 1% in September.

September 2017 had one fewer working day than September 2016.

“The September index value has grown year...


Staffing software firm Avionté names new CEO

October 19, 2017

Avionté, a provider of front- and back-office software to the staffing industry, appointed former Thomson Reuters executive Karl Florida as CEO.

“After an extensive effort, we were thrilled to find Karl, who brings a customer-first mindset and a focus on building great teams,” said Kevin Frick, co-chairman...


Beige Book: Staffing firms report steady wage growth, tight labor markets

October 19, 2017

Staffing firms and other contacts generally reported steady wage growth and tight labor markets in certain areas and for certain occupations in September through early October, according to the Federal Reserve’s Beige Book report released Wednesday. The Beige Book, a collection of observations from...


US leading index edges down, jobless claims fall to 44-year low

October 19, 2017

The Conference Board’s US Leading Economic Index edged down 0.2% in September to a reading of 128.6 (2010 = 100), following increases of 0.4% in August and 0.3% in July. Despite September’s decline, the trend in the US LEI remains consistent with continuing solid growth in the US economy for the...


Boeing rushes to bring back retirees as temps (The Seattle Times)

October 19, 2017

The Seattle Times reported Boeing is hiring back 500 to 800 retirees on a temporary basis and also adding some permanent positions. To lure the retired machinists back to work, the jet maker is taking the unusual step of paying bonuses. Boeing is also talking to the engineering union about bringing back...


ADP is already making changes investor wants, CEO says in interview (Reuters)

October 19, 2017

Automatic Data Processing Inc. (NASD: ADP) is already making many of the changes activist shareholder William Ackman is advocating for, but it will take time to see results, CEO Carlos Rodriguez told Reuters in an interview on Wednesday. After acquiring a stake in the company earlier this year, Ackman...


WinterWyman appoints president of search and contract staffing

October 18, 2017

Waltham Mass.-based WinterWyman Search expanded Scott Ragusa’s responsibilities and named him to the newly created role of president of search and contract staffing, effective immediately. He will now oversee the strategic direction and daily operations of WinterWyman's New England contingency search,...