Trueblue Stock Price, News & Analysis

The latest analysis by PeopleReady Skilled Trades reveals a significant shortage of skilled labor, exacerbated by the COVID-19 pandemic. Between March 2020 and December 2021, over 4 million jobs in skilled trades, particularly in construction, remained unfilled, more than double pre-pandemic levels. The aging workforce is concerning, with 40% of skilled trades workers over 45, and less than 9% aged 19-24. To combat this, PeopleReady introduced the Respect the Craft™ program, allowing tradespeople to earn up to $1,500 in rewards and compete for the Tradesperson of the Year title worth $5,000.

TrueBlue (NYSE: TBI) is set to release its second quarter 2022 earnings on July 25, 2022, post-market close. A management discussion via webcast is scheduled for 2:30 p.m. PT (5:30 p.m. ET) on the same day. TrueBlue is recognized for providing specialized workforce solutions, connecting around 615,000 individuals with employment opportunities in 2021. The company operates through various segments including PeopleReady, PeopleManagement, and PeopleScout, catering to diverse industry needs.

PeopleScout's Affinix has been recognized for Best Advance in Practical AI in the 2022 HR Tech Awards, placing it in the top 1% of over 5,000 HR technology providers. This accolade highlights Affinix's innovative approach to enhance talent acquisition by integrating artificial intelligence, machine learning, and predictive analytics to address hiring challenges amid a talent shortage. PeopleScout's commitment to ongoing enhancements and a personalized candidate experience has attracted significant recognition, including multiple awards in artificial intelligence and diversity solutions.

PeopleScout has been awarded two honors at the 2022 Vega Digital Awards, receiving a Centauri award for its Talking Talent podcast and an Arcturus award for its digital recruitment marketing campaigns. With over 1,500 entries from 24 countries, this recognition underscores the importance of innovative recruitment strategies amidst ongoing skills shortages. Caroline Sabetti, Chief Marketing Officer, emphasized the team’s commitment to connecting people with work. This achievement highlights PeopleScout's dedication to excellence in the evolving digital landscape of talent acquisition.

TrueBlue, Inc. (NYSE: TBI) announced the resignation of CEO Patrick Beharelle effective June 14, 2022, following an investigation into his conduct that violated company policies. Steven C. Cooper, the current Chairman and former CEO, has been appointed as the new CEO. The Board emphasized the importance of company values and believes the change is in the best interest of stakeholders. TrueBlue is recognized for providing specialized workforce solutions and connected around 615,000 people with jobs in 2021.

PeopleReady partnered with Rahal Letterman Lanigan Racing and served as the official staffing partner for the 2022 NTT INDYCAR SERIES, staffing over 400 positions for the Indy500. CEO Patrick Beharelle highlighted the commitment to connecting workforces to communities. Additionally, PeopleReady launched the Force for Good Challenge, awarding $1 million to drivers and their charities. Each race winner receives $10,000, with a special $20,000 prize for Indy500 winner Marcus Ericsson, benefiting St. Jude Children's Research Hospital. PeopleReady specializes in on-demand labor across various industries, serving 94,000 businesses.