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STAFFING INDUSTRY ANALYSTS Facebook Twitter LinkedIn YouTube Website Feedback SIA is the Global Advisor on Staffing and Workforce Solutions Americas EMEA | Europe, the Middle EastAfrica APAC | Asia Pacific Log Out User Dashboard Log In Announces Region Realignment Search for: Home Staffing FirmsSuppliers Buyers/Employers Events Staffing Conferences Staffing Webinars Buyer/Employer Conferences Buyer/Employer Webinars CertificationTraining (CCWPSOW) Staffing Training Risk Workshop Calendar of Events Call for Speakers Memberships Corporate Membership CWS Council Membership Research Research Reports Surveys Free Resources Editorial Editorial Overview Blogs – Staffing Stream Archived Blog Posts CWS 3.0 Daily News Engineering Staffing Report Healthcare Staffing Report Industrial Staffing Report IT Staffing Report Staffing Industry Review Who’s Who 40 Under 40 Best Staffing Firms to Work For – North America Best Staffing Firms to Work For – UKIreland CW Program Game Changers DEI Influencers Diversity-Owned Staffing Firms Fastest-Growing Staffing Firms Global Power 150 – Women in Staffing Latin America 25 Staffing 100 – Europe Staffing 100 – North America Nomination Processes Subscribe CWS 3.0 Engineering Staffing Report Global Daily News Healthcare Staffing Report Industrial Staffing Report IT Staffing Report Staffing Industry Review Store Breaking Through CertificationTraining Conferences Growth Advisory Board Magazine Subscriptions Memberships Webinars About Corporate Overview Analysts Media Center Speaker Bureau Industry Partners Careers Home page Vineet 2021-04-24T05:24:32+00:00 STAFFING FIRMSSUPPLIERS Companies that provide staffing, workforce solutions and related services to client organizations Learn More BUYERS/EMPLOYERS BUYERS/ EMPLOYERS Organizations that utilize staffing services and other workforce solutions Learn More CWS Summit Europe The most dynamic event of its kind attracting HR, procurement and workforce solutions management professionals returns this May. Sessions focus on the latest opportunities, trends and strategies to improve and evolve the performance of your entire workforce solutions supply chain. Register Here SIA Risk Management and Compliance Workshop April 16-18, 2024 | Virtual There’s no better time to gain updated, legal positions on the most important contingent workforce program risk management and compliance issues for 2024, direct from the industry attorneys! Register Today Interactive eLearning Designed to Enhance Skills and Drive Growth SIA in partnership with Butler Street are excited to bring you a suite of eLearning modules for staffing leaders, sales, and recruiting professionals targeting specific skills, offering external resources, and giving you the ability to test your knowledge. Special rates available for SIA members. Find out more. Elevate Your Career with SIA's Virtual Interactive CCWP Classes SIA's Virtual Interactive CCWP class is designed for all professionals managing contingent workforce programs and validates the expertise that sets you apart from the rest. Sign up to the CCWP and SOW Management Expert Certifications today. Corporate Membership Insights to make better informed business decisions through personalized intelligence, proprietary toolsresearch and advisory services from expert analysts. Learn More Tracking the very latest trends in US temporary work, the SIA | Bullhorn Staffing Indicator delivers forward-looking insights using real-time data for the professional and commercial staffing markets on a weekly basis. Deepen your knowledge of industry trends and outlook with this unique tool! Global Daily News Americas EMEA APAC Americas AMN revenue drops 27.1% in Q1 amid weak nurse staffing demand AMN Healthcare Services (NYSE: AMN) reported positive trends in some business lines during the first quarter, but revenue fell 27.1% year over year to $820.9 million. The healthcare staffing firm reported declines in its nurse and allied solutions segment and in its technology and workforce solutions segment.The firm noted revenue was in line with expectations.While we see healthy trends in some key businesses in our diversified set of solutions, this is overshadowed by weaker demand and a continued competitive environment in our largest business, nurse staffing,” President and CEO Cary Grace said in a press release.Nurse and allied solutions revenue fell 37.0% year over year to $519.3 million. Within this segment, travel nurse revenue decreased by 44% year over year, while allied revenue … ZipRecruiter Q1 revenue down 33.5%, market may have reached ‘trough’ Jobs website operator ZipRecruiter (NYSE: ZIP) reported first-quarter revenue fell 33.5% to $122.2 million as market conditions remain challenging. Still, there are signs the labor market woes could be bottoming out.Though results were above expectations discussed in our last earnings call, the labor market industry backdrop has remained challenging through the first few months of 2024,” according to a letter to shareholders signed by CEO Ian Siegel, President David Travers and CFO Tim Yarbrough.However, second-quarter guidance calls for revenue to decline by 31% year over year and 4% sequentially at the midpoint of $117 million. It’s the lowest sequential revenue decline the company has seen since the third quarter of 2022.While this does not mark a return to ‘normal’ seasonality, where … Hudson revenue falls 20.1%, sees improvement ahead Hudson Global (NASDAQ: HSON) reported revenue fell 20.1% in the first quarter because of lower-than-usual hiring volumes. But the recruitment process outsourcing provider sees improvement ahead.As expected, our first quarter 2024 results were weak due to lower than normal hiring volumes at many of our clients,” CEO Jeff Eberwein said in a press release. Although some of this weakness has continued into [the second quarter], we expect hiring activity at existing clients to recover going forward and, importantly, new business wins over the last 12 months will begin to show up in our results in [the second quarter] and be more fully reflected in the second half of 2024.”Revenue fell across geographies with the biggest decrease in Hudson Americas where revenue fell 35.4%.Still, Global CEO of … BGSF initiates strategic review, suspends quarterly dividend The board at staffing firm BGSF (NYSE: BGSF) has launched an evaluation of strategic alternatives for the company, according to an announcement on May 8. It has also suspended its quarterly cash dividend.Given the continued dislocation of BGSF’s public market valuation, the board and I believe evaluating strategic alternatives and suspending the cash dividend are prudent measures as we continue to look for ways to maximize value for our shareholders,” Chair, President and CEO Beth Garvey said in a press release.There is no assurance that this review will result in a merger, divestiture, sale or other transaction, according to the company.BGSF hired Houlihan Lokey as its financial advisor in the review.Also this week, BGSF reported first-quarter revenue fell 8.7% year over year to $68.8 mi … Canada adds 90,400 jobs in April, beating expectations Canadian employment rose by 90,400 jobs in April, following little change in March, Statistics Canada reported today. Total employment in Canada now stands at 20.49 million.Canada’s unemployment rate held steady at 6.1% in April, following an increase of 0.3 percentage point in March.Both full-time and part-time jobs rose in April. Full-time jobs rose by 40,100, and part-time jobs rose by 50,300.Economists expected the economy to add about 20,000 jobs in April, CBC reported.Overall, April’s labor force data were certainly better than expected,” CBC quoted CIBC economist Andrew Grantham, as saying. However, Grantham noted that the overall trend is loosening conditions” for the job market, pointing out both the higher unemployment rate...