Workforce Solutions
Search documents
BGSF, Inc. Delays Timing of Its Fiscal 2025 Third Quarter Results and Earnings Conference Call
Accessnewswire· 2025-11-06 04:30
Core Points - BGSF, Inc. has announced a delay in the release of its fiscal 2025 third quarter results, now scheduled for November 7, 2025, pre-market [1] - The delay is attributed to the additional time needed to finalize the accounting for the sale of the Professional division, specifically regarding its classification within discontinued and continuing operations [1] Company Summary - BGSF, Inc. is a provider of workforce solutions specifically for the specialized property management industry [1] - The company is taking necessary steps to ensure accurate financial reporting following the sale of a significant division [1]
YY Group Deepens Strategic Collaboration with KEENON Robotics to Advance Tech-Powered Hospitality Solutions
Prnewswire· 2025-11-03 12:36
Core Insights - YY Group Holding Limited has formalized a partnership with KEENON Robotics to deploy service robots in Southeast Asia's hospitality industry, aiming to enhance workforce efficiency and operational margins [1][3][5] Partnership Details - The partnership focuses on addressing manpower shortages and improving operational efficiency through AI-embodied robots, which will support various hotel operations while maintaining the human element of hospitality [3][4] - KEENON will provide robots designed for tasks such as banquet support and cleaning, enhancing reliability and consistency in service delivery [3][4] Strategic Goals - YY Group aims to leverage this partnership to create scalable growth opportunities and improve unit economics for clients by integrating robotics into their service models [5] - Pilot deployments are already in progress with select clients, setting the stage for broader expansion beyond Southeast Asia [5] Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond, operating in sectors like hospitality, logistics, retail, and healthcare [6][7] - The company utilizes proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands effectively [7] KEENON Robotics Overview - KEENON Robotics specializes in developing commercial service robots, utilizing advanced technologies such as AI and autonomous navigation, and has a global presence in over 60 countries [9][11] - The company focuses on enhancing operational efficiency and addressing workforce shortages across various industries, including hospitality and retail [11]
ManpowerGroup Reports 3rd Quarter 2025 Results
Prnewswire· 2025-10-16 11:30
Core Insights - ManpowerGroup reported a net earnings per diluted share of $0.38 for Q3 2025, down from $0.47 in the same period last year, with net earnings of $18.0 million compared to $22.8 million a year earlier [1][2] - Revenues for the third quarter reached $4.6 billion, reflecting a 2% increase from the prior year [1][12] - The company faced restructuring costs and currency translation losses due to hyperinflation in Argentina, which significantly impacted earnings per share [2][5] Financial Performance - The third quarter's earnings per share, excluding restructuring costs and currency losses, was $0.83, indicating a 39% decrease in constant currency [2] - On a constant currency basis, revenues decreased by 2%, while organic constant currency revenues increased by 1% compared to the prior year [3][12] - For the nine months ended September 30, 2025, net losses were $43.5 million, or $0.93 per basic share, compared to net earnings of $122.6 million, or $2.53 per diluted share in the prior year [5][16] Operational Highlights - The company experienced stabilization in demand in North America and Europe, contributing to improved revenue trends after 11 consecutive quarters of declines [4] - The gross profit margin for Q3 was 16.6%, affected by lower recruitment activity and a shift in business mix [12] - Selling and administrative expenses decreased year-over-year due to additional restructuring actions taken during the quarter [12] Future Outlook - ManpowerGroup anticipates diluted earnings per share for Q4 2025 to be between $0.78 and $0.88, factoring in an estimated favorable currency impact of 8 cents [5] - The company is focused on increasing market share and driving efficiency through structural cost removal initiatives [4]
YY Group Launches Bursary Award for Gig Workers Pursuing Higher Education
Prnewswire· 2025-10-13 12:00
Core Insights - YY Group Holding Limited has launched the YY Circle Bursary Award to support higher education for Singaporean workers on its staffing platform, reflecting its commitment to corporate social responsibility and educational development [1][2]. Company Overview - YY Group is a technology-enabled platform based in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond [3][4]. - The company operates in two main verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [3][4]. Bursary Award Details - The YY Circle Bursary Award is aimed at full-time Singaporean students in polytechnics and universities, with awards based on Per Capita Income (PCI) eligibility to assist those in financial need [2]. - The award amount varies according to the applicant's level of study and PCI bracket, emphasizing the initiative's focus on supporting the next generation of leaders in Singapore [2].
YY Group Partners with Obita to Strengthen Global Ecosystem with Stablecoin Payment Infrastructure
Globenewswire· 2025-10-01 12:51
Core Viewpoint - YY Group has entered into a Memorandum of Understanding with Obita to integrate stablecoin payment infrastructure into its global gig workforce platform, enhancing cross-border payment capabilities and financial inclusion for gig workers [1][2][3] Group 1: Partnership and Integration - The MOU will allow YY Group to utilize Obita's stablecoin payment infrastructure for scalable and compliant receivables, payables, and treasury management [1][2] - Obita's infrastructure aims to simplify cross-border settlements while ensuring compliance and security, which is essential for enterprises [2][3] Group 2: Benefits for YY Group - The integration will streamline YY Group's cross-border capital flows, improving efficiency and margins as the company scales [2] - The technology will provide faster, lower-cost payouts for international students and gig workers, allowing them to hold savings in fiat-backed stablecoins to reduce local currency volatility [2][3] Group 3: Strategic Goals - The simplified cross-border settlement supports YY Group's international expansion strategy in Southeast Asia, the Middle East, and other growth markets [2] - YY Group aims to enhance financial inclusion for gig workers globally, particularly in underserved regions, through this collaboration [2][3] Group 4: Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and integrated facility management services across Asia and beyond [4][5] - The company operates in various sectors, including hospitality, logistics, retail, and healthcare, and is committed to service excellence and long-term value creation [4][5]
YY Group Secures Five New Luxury Hotel Clients in Thailand
Prnewswire· 2025-09-25 13:50
Core Insights - YY Group Holding Limited has announced that its subsidiary, YY Circle Thailand, has secured contracts with five leading hotel clients, including Hyatt, Sheraton, and three properties under Chatrium Hotels & Residences, significantly expanding its hospitality portfolio and supporting regional growth strategy [1][2][5] Company Developments - Since its acquisition by YY Group, YY Circle Thailand has built on its established client base, which already included major names such as Central Group, CP All, Shangri-La, and Banyan Tree, further strengthening YY Group's presence in Southeast Asia [2][5] - The new partnerships with internationally recognized hotel brands highlight YY Circle Thailand's ability to leverage its technology-enabled staffing and hotel services platform to enhance operational efficiency and deliver greater value to clients [3][6] Market Outlook - The signing of these five hotel clients is seen as a major milestone in YY Circle Thailand's expansion, with management expecting the subsidiary to significantly contribute to YY Group's revenue pipeline in 2025 and beyond, driven by increasing demand for staffing and technology-enabled services [5][6] - The partnerships validate the strength of YY Group's platform and its capability to support top-tier hotels in Thailand, positioning the company well for future growth in the Thai market [6]
BGSF, Inc. Announces Additional Information Regarding Pending Special Cash Dividend of $2.00 Per Share
Accessnewswire· 2025-09-16 22:30
Core Points - BGSF, Inc. announced a special cash dividend of $2.00 per share, payable on September 30, 2025 [1] - The dividend payment represents more than 25% of the trading price of the common stock [1] - NYSE has informed the company that its common shares will trade with "due bills" from the record date of September 23, 2025, through the payment date [1] Company Information - BGSF, Inc. is a leading provider of workforce solutions for the specialized property management industry [1] - The company’s common stock has a par value of $0.01 per share [1] Dividend Details - The record date for the dividend is September 23, 2025, and the last day of trading before the ex-dividend date is September 30, 2025 [1] - The period during which the right to receive the special cash dividend is assigned is referred to as the "Dividend Right Period" [1]
New Global Research Finds Leaders Overestimate Engagement, Underestimate What Makes People Stay -- Putting Retention, Productivity, and Culture at Risk
Prnewswire· 2025-09-16 13:31
Core Insights - The report titled "The Career Equation: What Attracts Talent Isn't What Keeps Them" reveals a significant disconnect between what organizations believe attracts talent and what actually retains them [2][3] - It emphasizes the importance of cultural fit, career development, and purpose in retaining top talent, rather than just focusing on attraction strategies [3] Key Findings - A survey of 1,029 leaders and 2,402 employees across various regions indicates that 53% of leaders believe their employees are fully engaged, while only 37% of employees report the same [5] - In Latin America, 63% of leaders think their teams are fully engaged, contrasting with only 41% of employees [5] - Engagement levels in Europe and Asia-Pacific are critically low, with only 32% and 33% of employees fully engaged, respectively [5] - Employees prioritize cultural fit and career development as key drivers of engagement, yet only 24% of leaders recognize cultural fit as important, and less than 20% cite career development [5] - While pay and perks may attract talent, long-term retention is driven by intrinsic factors such as purpose, growth, and cultural alignment [5] Industry Implications - The findings suggest that organizations must shift their focus from merely attracting talent to implementing strategies that enhance employee engagement and retention [3] - The report serves as a wake-up call for business leaders to invest in employee skills, careers, and well-being to maintain productivity and profitability [3] - A follow-up report in the State of Careers series is expected to provide further insights and practical strategies for organizations [3]
YY Group Announces Closing of $4 Million Registered Direct Offering
Globenewswire· 2025-09-12 09:30
Core Viewpoint - YY Group Holding Limited has successfully closed a registered direct offering of Class A ordinary shares and warrants, raising approximately $4.0 million for working capital and general corporate purposes [2][3]. Group 1: Offering Details - The company offered 9,523,812 Class A ordinary shares at a price of $0.42 per share, along with warrants to purchase up to 14,285,718 Class A ordinary shares [2]. - The accompanying warrants have an exercise price of $0.50 per share and a term of 3.5 years [2]. - FT Global Capital, Inc. acted as the exclusive placement agent for this offering [4]. Group 2: Regulatory Information - The securities were offered under the company's shelf registration statement on Form F-3, which was filed with the U.S. SEC on April 23, 2025, and declared effective on April 30, 2025 [3]. Group 3: Company Overview - YY Group Holding Limited is a technology-enabled platform based in Singapore, providing flexible workforce solutions and integrated facility management (IFM) services across Asia and beyond [6]. - The company operates in two core verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [6]. - YY Group leverages proprietary digital platforms and IoT-driven systems to help clients meet fluctuating labor demands [7].
BGSF, Inc. Announces Special Cash Dividend of $2.00 Per Share
Accessnewswire· 2025-09-11 20:43
Core Viewpoint - BGSF, Inc. has announced a special cash dividend of $2.00 per share, reflecting a strategic move to enhance shareholder value following the sale of its Professional Division [1] Group 1: Dividend Announcement - The Board of Directors of BGSF has authorized a special cash dividend of $2.00 per share of common stock [1] - The dividend is payable on September 30, 2025, to shareholders of record as of September 23, 2025 [1] - This decision is seen as a prudent step in capital allocation to increase shareholder value [1] Group 2: Leadership Commentary - Interim Co-CEOs Kelly Brown and Keith Schroeder emphasized the importance of this dividend as an initial step in capital allocation [1] - The statement reflects the company's commitment to enhancing shareholder value following the recent sale of its Professional Division [1]