KFRC
NYSE · Professional Services
Kforce Inc
$45.63
+0.06 (+0.13%)
KFRC News13 articles
Rackspace Stock Surges on AMD AI Deal and Workforce Restructuring
Rackspace Technology shares surged 33.8% to $8.31 after finalizing an AMD AI compute deal for 30 MW of capacity and cutting 15% of its global workforce to refocus on enterprise AI.
Meta Admits AI Workforce Overhaul Missteps, Hikes 2026 CapEx to $145B
Meta CEO Mark Zuckerberg admits mistakes in the company's swift AI workforce overhaul, as capital expenditure guidance for 2026 rises to $125-$145 billion, reflecting higher component prices and data center investments.
GitLab Surges on AI Growth Prospects and Workforce Reduction
GitLab shares jumped 7% in after-hours trading after beating sales estimates and raising its annual forecast, while announcing a 14% workforce reduction to focus on its AI-powered Duo Agent Platform.
SentinelOne Shares Plunge on Weak Forecast, Announces 8% Workforce Reduction
SentinelOne shares fell 18.65% after hours after the company forecast Q2 revenue below Wall Street estimates and announced plans to cut 8% of its workforce.
Cisco Rallies 14% After Hours on AI-Driven Revenue Upgrade and Workforce Reduction
Cisco (CSCO) surged 14% in after-hours trading after raising its annual revenue forecast to $63 billion and announcing 4,000 job cuts, fueled by $5.3 billion in AI infrastructure orders.
Microsoft's LinkedIn to Cut 5% of Workforce Amid Revenue Growth
LinkedIn will lay off about 5% of its staff, affecting marketing, engineering, and product roles, even as the platform reports 12% revenue growth and over 1.3 billion members.
Cloudflare Slashes 20% of Workforce in AI Pivot, Shares Slide
Cloudflare will cut over 1,100 jobs (20% of staff) as it pivots to an AI-first strategy. Shares fell 13% after Q2 revenue guidance missed Wall Street targets.
Intuit QuickBooks Workforce Expands into AI-Driven HCM, Shares Jump
Intuit launched QuickBooks Workforce, an AI-driven HCM tool for SMBs, expanding into hiring, onboarding, benefits, and performance management. Shares rose 4.8%.
ServiceNow Retreats After AI Workforce Launch; Focus Turns to Adoption Metrics
ServiceNow shares fell 1.18% to $108.01, giving back some of Thursday's 5% surge after unveiling new AI tools. Analysts highlight the shift from summarizing to action-taking AI but warn of implementation hurdles.
ServiceNow Gains on AI Workforce Launch Amid Yearly Decline
ServiceNow shares climbed roughly 3% following the introduction of new AI-driven automation products. The stock remains down approximately 29% for the year.
Santos Announces Workforce Reduction, Maintains Outlook Amid Profit Shortfall
Santos shares fell following a full-year profit miss, with the company announcing a 10% reduction in its workforce and a portfolio review. The energy producer maintained its 2026 guidance and declared a final dividend.
Salesforce Shares Gain Amid Reported Workforce Reduction Ahead of Earnings
Salesforce stock advanced about 1% Tuesday following reports of limited job cuts, with investors focusing on upcoming quarterly results for updates on AI strategy and cost management.
Salesforce Trims Workforce Amid AI Strategy Shift, Agentforce Unit Impacted
Salesforce has reduced its headcount by under 1,000 employees in early February, affecting marketing, product management, and its Agentforce AI division, according to a report.