Daily News
Get the RSS Feed
Kelly Services to buy Motion Recruitment Partners in historic deal
May 3, 2024Kelly Services today announced it will buy Massachusetts-based Motion Recruitment Partners (MRP) from private investment firm Littlejohn & Co. The acquisition will be the largest in Kelly’s history.
“I’ve been pretty clear since becoming CEO that our growth strategy is (not only)...
Insight Global to pay $2.7 million in whistleblower lawsuit
May 2, 2024Staffing company Insight Global LLC agreed to pay $2.7 million related to allegations in a whistleblower lawsuit that it didn’t implement adequate cybersecurity measures during the Covid-19 pandemic, the US Department of Justice announced May 1.
The Atlanta-based company, which had a contract with the...
Upwork Q1 revenue up 18.8% with boost from flat-fee pricing
May 2, 2024Upwork Inc. (NASDAQ: UPWK) reported first-quarter revenue rose 18.7% to $190.9 million. Gross margin at the world’s largest talent platform also improved, and net income rose 7.4%.
“We continue to accelerate profitability while investing in growth and innovation,” President and CEO Hayden Brown...
Cognizant revenue slips 1.2%, though growth seen in Europe
May 2, 2024First-quarter revenue at Cognizant Technology Solutions Corp. (NASDAQ: CTSH) fell 1.2% in constant currency. The IT services giant reported revenue declines across geographies except for Continental Europe, where revenue rose 3.1%.
“During the first quarter, we delivered revenue above the high-end of...
Cross Country Q1 results reflect nursing ‘headwinds,’ physician segment up
May 2, 2024Cross Country Healthcare Inc. (NASDAQ: CCRN) cited near-term headwinds in its nursing segment, but its physician staffing segment posted growth. Overall, the Boca Raton, Florida-based healthcare staffing firm reported first-quarter revenue fell 39.1% to $379.2 million. It was within guidance.
“Our first-quarter...
Barrett revenue rises in Q1 as PEO business grows
May 2, 2024First-quarter revenue at Barrett Business Services Inc. (NASDAQ; BBSI) rose 4.4% year over year to $265.8 million with the growth in its PEO business.
PEO revenue rose 6.0% to $246.2 million. The increase in PEO revenue came amid a 3% increase in the average number of worksite employees from net new clients...
Job&Talent names Brian Neely as new chief sales officer
May 2, 2024Digital staffing platform Job&Talent appointed Brian Neely as its chief sales officer in the US, charged with overseeing and expanding its sales team.
Neely was previously executive VP of sales at Palmetto, a clean energy marketplace. He also formerly served at Randstad USA in a senior VP position...
Jobless claims steady, near historical lows
May 2, 2024US initial jobless claims remained unchanged in the week ended April 27 from the previous week at 208,000, the US Department of Labor reported today. However, the previous week’s level was revised upward by 1,000.
The Associated Press noted the number of people applying for unemployment remains...
US companies add 192,000 jobs in April with broad-based gains
May 1, 2024The average pace of hiring has accelerated over the last three months after slowing late last year, almost matching gains made in the first half of 2023, according to the ADP National Employment Report released May 1. However, pay growth continues to slow.
Employment in the US private sector rose by 192,000...
Job openings fall to lowest level in 3 years
May 1, 2024US job openings fell 3.7% month over month in March to 8.5 million after increasing in February, according to seasonally adjusted data released Thursday by the US Bureau of Labor Statistics. On a year-over-year basis, the decrease was 11.8%.
Over the month, the number of hires fell 4.9% to 5.5 million....