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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300ADP Q3 FY25 Revenue Hits $5.6B with 6% Growth, EPS Climbs to $3.06
In Q3 of fiscal 2025, ADP reported robust financial performance with a 6% year-over-year revenue increase, reaching $5.6 billion, driven by solid results across both Employer Services and PEO segments. Adjusted EBIT rose 6% to $1.6 billion
ColumnGlobal Trade Policy Changes Leave U.S. Frontline Workers Nervous, Angry, and Stressed Out
A recent UKG survey of over 5,000 U.S. frontline workers reveals significant anxiety and behavioral changes due to evolving trade policies and tariff uncertainties. Over half fear job layoffs, with nearly three-quarters concerned about futu
Venture CapitalSan Francisco-Based TeamOhana Expands Funding to Launch AI Agents for Finance, HR, and Talent Collaboration
TeamOhana, a strategic headcount management platform, has secured $7.5 million in seed funding, bringing its total funding to over $11.5 million. The company plans to expand its AI-driven "Agentic AI" workforce planning platform, which acts
Venture CapitalWorkStep Acquires WorkHound to Strengthen Frontline Engagement Capabilities Across Logistics and Industrial Sectors
WorkStep has officially acquired WorkHound, a frontline employee feedback platform, in a strategic move to deepen its impact on frontline workforce engagement. By combining WorkStep’s data-driven insights and WorkHound’s real-time feedback
Product NewsMicrosoft Reinvents HR Intelligence: Inside the Launch of People Skills and Skills Agent in Microsoft 365 Copilot
— A New Era of Skills-Based Talent Strategy Powered by AI In a move that may redefine the landscape of enterprise HR technology, Microsoft has officially launched People Skills , a powerful new data layer within Microsoft 365 Copilot and Vi
Company NewsPapaya Global Announces CFO, CPO, and Key Executive Appointments to Drive Innovation and Expansion
Papaya Global , a leading workforce payroll and payments platform, has announced significant leadership changes to bolster its global expansion. Erez Simha joins as CFO, bringing vast IPO and M&A expertise, while Amit Levi is promoted to CP
Venture CapitalIntuit to Acquire HR Platform GoCo to Build End-to-End HR Suite for SMBs
Intuit has announced its agreement to acquire GoCo, an HR and benefits platform focused on small and mid-market businesses. This strategic acquisition aims to transform Intuit’s Payroll into a full Human Capital Management (HCM) solution by
Venture CapitalCheckr Expands into Employment Verification with Acquisition of Truework
Checkr has announced its acquisition of Truework , a major player in income and employment verification. This strategic move allows Checkr to expand beyond background checks into the multi-billion dollar employment verification industry. Tr
Company NewsManpowerGroup Q1 Revenue Falls to $4.1B, Net Income Down 86% Amid Restructuring
In Q1 2025, ManpowerGroup reported $4.1 billion in revenue, marking a 7% year-over-year decline (-5% in constant currency, -2% organic). Net income fell sharply to $5.6 million ($0.12 per diluted share) from $39.7 million ($0.81) a year ear
Venture CapitalArtisan Raises $25M Series A to Build Autonomous AI Sales Workforce
Artisan has secured a $25 million Series A round led by Glade Brook Capital to expand its AI-driven sales platform. Known for its bold slogan “Stop hiring humans,” Artisan offers AI employees called "Artisans" to autonomously perform sales
Venture CapitalChapel Hill-Based Well Secures $30M to Scale AI-Driven Health Engagement System
Well , an AI-driven health engagement company based in Chapel Hill, has raised $30 million in new funding, bringing its total to over $150 million. This round will accelerate the development of its AI platform, concierge services, and predi
Venture CapitalTapcheck Secures $225M to Scale On-Demand Pay Platform Across U.S. Workforce
PLANO, Texas- Tapcheck , a leading on-demand pay provider, today announced it has raised $225 million in combined equity and debt financing. This latest funding includes a $25 million Series A extension round led by existing investor, Peak
Venture CapitalPaychex Completes Acquisition of Paycor
Paychex has officially acquired Paycor in an all-cash transaction valued at approximately $4.1 billion. This strategic deal merges two HCM powerhouses and aims to create the industry's most comprehensive and flexible AI-driven HR and payrol
Venture CapitalHireRight Acquires ClearChecks to Expand SMB Screening Services with Next-Gen Technology
HireRight has announced the acquisition of ClearChecks , a background screening company focused on small-to-medium-sized businesses (SMBs). This move aims to enhance HireRight's self-service platform, backgroundchecks.com, by integrating Cl
Company NewsPerceptyx Appoints Ross Wainwright as Chief Executive Officer
Perceptyx , a leader in AI-powered employee experience solutions, has appointed Ross Wainwright as CEO to accelerate global growth. With prior leadership roles at SAP, Alida, and NTT, Wainwright brings deep SaaS expertise and a customer-cen
Venture CapitalSpain-Based Job&Talent Secures €92M to Accelerate AI-Driven Staffing Solutions
Job&Talent , a Spain-based digital staffing platform, has secured €92 million (US$101.3 million) in a Series F funding round, bringing its valuation to €1.3 billion. The funding will accelerate its international growth and support its AI-dr
Product NewsJosh Bersin Company's Galileo™ Leaps Ahead with Next-Gen Reasoning Model & Industry-Leading Skills and Jobs Knowledge Base
With a new reasoning model, Galileo™ Mercury release now features "chain of thought" processing for advanced AI capability. A New "Consultant Mode" transforms Galileo into an HR and organizational consultant. Vast datasets of jobs, skills,
Company NewsUKG Appoints Former Autodesk CIO Prakash Kota to Lead Global Tech and AI Strategy
UKG has appointed Prakash Kota as its new Chief Information Officer, marking a strategic move to enhance its global HR and workforce management offerings. With over two decades of experience in enterprise technology, including his recent ro
Venture CapitalNYC Startup Ropes Secures $3.1M to Expand Role-Specific Skill Evaluations
Ropes , a New York-based AI hiring startup, has raised $3.1 million in seed funding led by GSV Ventures to expand its innovative platform that assesses technical candidates based on real-world simulations. Unlike traditional tests or biased
Venture CapitalCanada-Based Ribbon Lands $8M to Build the AI-First Hiring Platform for High-Turnover Industries
Ribbon , an AI-native hiring platform, aims to fix the broken recruitment system by offering intelligent, voice-based interviews and real-time analytics that drastically reduce hiring times and improve candidate experiences. Backed by $8M i
Company NewsThe Adecco Group and Salesforce Launch New Company to Integrate Human and AI Talent
The Adecco Group, in collaboration with Salesforce, has launched a new company aimed at seamlessly integrating human and digital talent in the workforce. This venture will utilize Salesforce's digital labor platform, Agentforce, and Adecco'
Venture CapitalMarit Health Launches Groundbreaking Community-Powered Platform for Salary Transparency in Medicine, Secures $3.2M Seed Round
Marit Health , a newly launched platform designed to provide salary transparency for physicians and advanced practice providers (APPs), is revolutionizing the healthcare sector. Backed by $3.2 million in seed funding, Marit offers clinician
Venture CapitalNew York’s Jolly Raises $16.5M Series A to Scale AI-Driven Workforce Motivation System
Jolly , a New York-based workforce optimization platform, has secured $16.5 million in Series A funding led by former Tesla CFO Zach Kirkhorn, who also joins the board. The platform enables frontline workers to "Earn Points at Work™" by rew
Venture CapitalPalo Alto-Based Lumber Raises $15.5M Series A to Transform AI-Powered Construction Workforce Management
Lumber , an AI-powered workforce management platform for the construction industry, has secured a $15.5 million Series A funding led by Foundation Capital , with participation from Tishman Speyer, Carbide Ventures, 8VC, Sure Ventures, and F
Company NewsDeloitte's '2025 Global Human Capital Trends' Aims to Help Leaders Navigate Complex Workplace Tensions
Deloitte's 2025 Global Human Capital Trends report explores the growing tensions between business needs and human workforce development. Based on insights from nearly 13,000 business and HR leaders across 93 countries, the report highlights
Company NewsUKG Talk Communications Platform Helps Amusement Park Owner Optimize Frontline Operations and Strengthen Staff Unity
UKG, a leader in HR and workforce management solutions, is helping Wahooz Family Fun Zone and Roaring Springs Waterpark enhance workplace culture and operational efficiency through its UKG Talk platform. With a predominantly Gen Z workforce
Venture CapitalCologne-Based peopleIX Secures €2.3M Pre-Seed to Revolutionize AI-Driven Workforce Intelligence
peopleIX , a Cologne-based AI-powered people intelligence platform, has secured €2.3 million in pre-seed funding, led by Earlybird-X with contributions from neoteq ventures, TS Ventures, and HR Tech business angels. The company aims to solv
Venture CapitalSpain’s HR Tech Firm Factorial Secures $120M in Non-Dilutive Funding to Accelerate Expansion in Germany, France, and Italy
Factorial , the Barcelona-based HR tech unicorn, has secured an additional $120 million in non-dilutive funding from General Catalyst, bringing its total borrowings from GC’s Customer Value fund to $200 million . This investment will fuel F
Product NewsOracle Expands Cloud HCM with AI-Powered Employee Engagement & Event Management
Oracle has introduced new communication and event management capabilities within Oracle ME, part of Oracle Fusion Cloud HCM, to enhance employee engagement and organizational culture. These updates allow HR teams to manage company-wide even
Product NewsFirstup Launches Workforce Orchestration, Transforming How Enterprises Drive Employee Activation
Firstup has launched an AI-powered workforce orchestration solution to revolutionize enterprise employee communications. By bringing AI-driven marketing automation principles to internal workforce engagement, organizations can now automate
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