All articles tagged with #gusto
Gusto acquired Guideline for approximately $600 million, aiming to divest Guideline's accounts linked to rival payroll providers, potentially increasing investor returns. The deal follows Guideline's previous valuation of $1.15 billion and its profitable status, despite competitive pressures from rivals like Human Interest.
Gusto, a valued HR tech startup, is conducting a $200 million tender offer led by the Ontario Teachers’ Pension Plan, allowing employees to cash out shares and marking the company's ongoing growth amid a limited IPO market. The deal reflects Gusto's strong financial position, with over $500 million revenue in 2023, and its focus on expanding its HR services and product offerings.
A report from Stanford University and Gusto reveals that the average distance between employee residences and employer locations has increased from 10 to 27 miles between 2019 and 2023, with 5.5% of employees living over 50 miles away from their employer. The study indicates that high-earning Millennials in the Information sector or Finance & Insurance are more likely to live far from their workplace. Additionally, the article highlights the shift towards hybrid work models and varying remote work trends based on income levels and states across the U.S.
NASA is launching the GUSTO experiment, a balloon-borne telescope, to scan the space between stars in the Milky Way and listen for cosmic ingredients. GUSTO will create a 3D map of a region of the galaxy using high-frequency radio waves, searching for signals of carbon, oxygen, and nitrogen in the interstellar medium. By studying this space, scientists hope to understand how stars and planets form and how galaxies evolve. The balloon will float over Antarctica for at least 55 days, allowing GUSTO to observe without interference from water vapor in Earth's atmosphere.
NASA is set to launch the GUSTO experiment, which involves a balloon telescope floating over Antarctica to gather data and create a 3D map of a portion of the Milky Way Galaxy. The telescope will study the interstellar medium, looking for signals of carbon, oxygen, and nitrogen to understand how stars and planets form. The mission will also reveal the 3D structure of the Large Magellanic Cloud, a dwarf galaxy near the Milky Way. GUSTO is part of NASA's Explorers Program, which aims to provide flight opportunities for scientific investigations in space.
JPMorgan Chase is set to offer digital payroll processing for small businesses by partnering with San Francisco-based fintech company Gusto. The move is part of JPMorgan's efforts to compete with fintech giants like Square and PayPal, who already offer payroll services. By leveraging Gusto's technology, JPMorgan aims to simplify the payroll process for its customers, providing a one-stop-shop experience. The service is expected to launch by the end of 2024 and will handle salary disbursement, tax documents, pay stubs, and filing to local and national agencies. Gusto, valued at $9.6 billion, currently serves 300,000 small and medium businesses.