The HRTech Wire · auto-curated
Wednesday, September 30, 2026
HR technology, every morning — wired to the companies and people behind it.
Leadership and workforce shifts headline today's HR-tech news, as JPMorgan Chase names its next HR chief, Workday moves to cut roughly 2.5% of its staff primarily in product and technology roles, and PowerToFly announces a pivot. On the AI front, PwC finds that skill levels are driving a growing workforce divide, while McLean & Company urges HR leaders to rethink their talent mix to navigate AI adoption, skills gaps, and rising costs. Investment activity remains active, with Metaview closing a $60M Series C, a construction workforce management platform raising $40M, and new entrants including Genius Match's hiring platform Geni and PitchMe's staffing-focused tool SONAR entering the market.
Filtered: #HCM · clear
WorkdayWorkday (SEC Form 8-K)· 8:53 AM PDT2 sources
Workday is cutting approximately 2.5% of its workforce, primarily in its Product and Technology team, and reducing some leased office space as part of reorganizations announced September 29, 2026, according to a Form 8-K filed with the SEC. It estimates $65 million to $80 million in charges — about $40–55 million in severance and related cash costs, $10 million in stock-based compensation and $15 million in lease impairments — mostly in the third quarter of fiscal 2027, while reiterating its fiscal 2027 guidance apart from GAAP operating margin and saying it will keep hiring in key strategic areas. Based on Workday's roughly 21,000 employees, Seeking Alpha estimates about 525 roles are affected.
Also covered by Seeking Alpha
Read the full storyworkforce managementHR Tech Feed· 7:00 AM PDT
Miter, an AI-powered workforce management platform targeting the construction sector, has raised a $40M Series B led by Battery Ventures — with Bessemer Venture Partners and Coatue also participating — bringing total funding to $78M, according to the company. HR-tech buyers in field-intensive industries should note the growing capital flowing into industry-specific HCM platforms as vendors move beyond generic workforce tools.
HCMKyle Getsiv (Substack)· 6:01 PM PDT
HR SaaS is starting to look less like a growth category and more like a group of mature software businesses, argues Kyle Getsiv in his Q2 2026 public-markets update — though demand has not collapsed: payroll vendors described stable employment and HCM buyers continue to invest. The sector's median forward revenue multiple of 4.6x sits below its historical median, while its growth-adjusted multiple is above it, suggesting investors are pricing dependable cash flows rather than a new growth cycle. Corporate learning remains the clearest area of budget pressure, and AI spending is increasingly tied to specific workflows with measurable returns. Getsiv points to consolidation and private equity — Coursera's merger with Udemy and Thoma Bravo taking Dayforce private — as routes to reworking business models, alongside Workday's move toward Flex Credits and consumption and SAP's talk of outcome-based AI pricing.
