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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300The Next Generation of Workforce Management is Here--Workday Unveils New Agent System of Record
Workday has introduced the Agent System of Record, a new AI-powered platform designed to help businesses manage their growing fleet of AI agents. This centralized system enables organizations to govern, track, and optimize both Workday and
Venture CapitalPhenom Acquires EDGE to Enhance Workforce Intelligence for Professional Services, IT Services, and Global Capability Centers
Phenom , an AI-driven HR technology leader, has acquired EDGE , a top resource management and talent mobility platform. This move enhances Phenom’s Intelligent Talent Experience platform with advanced resource planning capabilities, caterin
Venture CapitalConversational AI Leader Paradox Acquires People Analytics Platform Eqtble to Advance AI Vision
Paradox , a leader in conversational AI for talent acquisition, has acquired people analytics platform Eqtble . The acquisition aims to enhance AI-driven hiring intelligence by integrating Eqtble's expertise in workforce analytics with Para
Company NewsWorkday Announces Workforce Reduction of 1,750 Employees to Optimize Operations
Workday (NASDAQ:WDAY) is cutting 1,750 jobs, representing about 8.5% of its workforce, as part of a broader initiative to improve operational efficiency and refocus on core business areas. Despite the layoffs, Workday plans to continue hiri
Company NewsDayforce Reports $1.76B in Revenue for 2024, Driving HR Tech Growth
Dayforce , a leading human capital management (HCM) technology provider, reported strong financial results for Q4 and FY 2024, with total revenue reaching $1.76 billion (up 16.3% YoY) and recurring revenue climbing to $1.34 billion (up 20.6
Company NewsNationally Acclaimed Government Organization Creates Flexible, Empowering Workforce Experience with UKG
Western DuPage Special Recreation Association (WDSRA), a government organization offering inclusive programs for individuals with special needs, has implemented the UKG Ready suite to streamline HR, payroll, and workforce management. By ado
Venture CapitalWorkwell Group Expands North American Presence with Acquisition of Eastridge Workforce Management
Workwell Group , a global leader in Human Capital Management (HCM) and Employer of Record (EOR) services, has acquired Eastridge Workforce Management (EWM) from Eastridge Workforce Solutions. This strategic acquisition strengthens Workwell’
Venture CapitalDeel Secures New Investors in $300M Secondary Share Sale, Achieves $800M Run-Rate
Deel , a global leader in payroll and HR technology, announced that new anchor investors, including General Catalyst and a sovereign fund, have acquired $300 million in secondary shares from early investors. This is not new funding but a se
Company NewsKforce Reports Fourth Quarter 2024 Revenue of $343.8 Million; Full Year 2024 EPS of $2.68 Per Share; Board of Directors Approves Increase in Quarterly Dividend for Sixth Consecutive Yea
Kforce Inc. (NYSE: KFRC) reported Q4 2024 revenue of $343.8 million , a 5.4% YoY decline , with a full-year 2024 revenue of $1.41 billion , down 7.4% YoY . Despite a stabilized demand for technology services, earnings per share (EPS) fell
Product NewsG-P Delivers New AI Advancements and Expands AI Innovation Across Employer of Record (EOR) and Global Employment Products
G-P, a leader in global employment solutions, has introduced new AI-powered advancements across its suite of products, including Employer of Record (EOR), Contractor, and G-P Gia™ . These enhancements leverage generative AI (GenAI) and agen
Venture CapitalADP acquires Procesamiento Externo de Información, S.C. (PEI) in Mexico
ADP (Nasdaq: ADP) has acquired Procesamiento Externo de Información, S.C. ( PEI ), a Mexico-based payroll solutions provider. This acquisition strengthens ADP’s global presence in Latin America by integrating PEI’s domestic expertise with A
Product NewsEnvoy Introduces Virtual Front Desk Mobile to Streamline Access and Enable Virtual Assistance for Today’s Dynamic Workforce
Envoy has launched Virtual Front Desk (VFD) Mobile , a new solution designed to revolutionize workplace assistance by providing employees and visitors with real-time support, remote access, and seamless navigation via the Envoy mobile app.
Venture CapitalFinal Round AI Secures $6.88M in Oversubscribed Seed Funding to Transform the Job Search Journey
Final Round AI has raised an oversubscribed $6.88 million seed funding round, led by Uncork Capital and supported by investors like HF0, Linear Capital, and Sky9 Capital. The company is redefining job searches with its Interview Copilot ,
Company NewsManpowerGroup Reports 4th Quarter 2024 Results
ManpowerGroup (NYSE: MAN) reported Q4 2024 revenues of $4.4 billion, marking a 5% YoY decline (-3% in constant currency). The company recorded net earnings of $22.5 million, or $0.47 per diluted share, reversing a $84.5 million net loss in
Company NewsWorkday to Roll Out TechWolf's AI-Powered Skills Intelligence Across its Workforce, Making it Easier for Employees to Drive their Career Growth
Workday has announced the integration of TechWolf ’s AI-powered skills intelligence into its global workforce, benefiting over 20,400 employees. This partnership aims to enhance Workday’s existing skills framework by automating skills ident
ColumnFor Ninth Time, UKG Ranked #1 in North American Midmarket Use Case in the Gartner Critical Capabilities for Cloud HCM Suites for 1,000+ Employee Enterprises Report
UKG has been ranked highest for the ninth consecutive year in the 2024 Gartner® Critical Capabilities for Cloud HCM Suites for 1,000+ Employee Enterprises in the North American Midmarket Use Case. Their AI-driven UKG Pro HCM suite empowers
Venture CapitalTeal Announces Series A Funding to Expand its AI-Powered Careers Platform, Bringing Total Financing Raised to $19 Million
Teal , an AI-powered career platform, has raised $7.5 million in Series A funding, bringing its total financing to $19 million. The funds will support global scaling and product development, including new AI-driven tools such as an AI Inter
Venture CapitalWorkera Announces Strategic Investment from Accenture
Workera has announced a strategic investment and collaboration with Accenture, integrating Workera's AI-powered skills intelligence platform into Accenture's LearnVantage. This partnership aims to advance the adoption of skills-first strate
Venture CapitalBelfry Raises $12 Million Series A to Accelerate Innovation and Growth
Belfry Software , a platform designed for physical security providers, announced it has raised $12 million in Series A funding, led by Base10 Partners, with contributions from Bienville Capital and Aglaé Ventures. The funding increases Belf
Company NewsWorkday Assembles World-Class Academic Minds for Its AI Advisory Board to Define the Future of Work in an Intelligent World Download PDFShare to LinkedInShare to TwitterShare to Facebook
Workday announced the creation of its AI Advisory Board, composed of top academic experts, to advance responsible AI research and provide guidance on how AI is shaping the workforce and society. The board, chaired by UC Berkeley's Toby Stua
Product NewsUneeQ 2.0: Redefining AI Digital Workforces with Emotionally Intelligent Avatars
UneeQ has launched UneeQ 2.0, a next-generation platform revolutionizing AI digital workforces with emotionally intelligent, personality-driven avatars. These digital humans offer sub-one-second response times, 4K ultra-HD rendering, and cu
Product NewsBetterUp Launches AI Coaching: Bridging Human Expertise and AI Innovation to Transform Organizational Impact at Scale
BetterUp has launched an AI-powered coaching platform that blends human expertise with AI innovation to scale personalized coaching across organizations. This offering integrates evidence-based methods, AI insights, and behavioral science t
Company NewsTennis Star Frances Tiafoe Signs as UKG Brand Ambassador
UKG , a global leader in HR, payroll, and workforce management solutions, has announced tennis star Frances Tiafoe as its latest brand ambassador. Known for his achievements on the ATP Tour and his dedication to diversity and philanthropy,
Company NewsDHI Group, Inc. Announces Strategic Reorganization Separating the Dice and ClearanceJobs Businesses to Better Capitalize on Unique Market Dynamics
DHI Group, Inc. has announced a strategic reorganization to split its operations into two distinct divisions: Dice and ClearanceJobs. This move aims to focus on the unique market demands of each brand, streamline operations, and improve pro
Product NewsHR Signal® Launches Lookalikes™, a Sourcing Platform for Recruiters That Uses AI to Find Better Candidates Instantly and Predict Their Interest in a New Job
HR Signal® has unveiled Lookalikes™, an AI-driven sourcing platform that redefines how recruiters discover and engage talent. By leveraging proprietary technology, Lookalikes™ allows recruiters to build candidate Archetypes, identify top ma
Venture CapitalHolly Secures $2.2M to Solve Million-Job Vacancy Crisis in Government Workforce
Holly, an AI-powered GovTech platform, has secured $2.2 million in pre-seed funding to address the million-job vacancy crisis in the government workforce. By modernizing outdated hiring systems, Holly accelerates recruitment for 24 million
Product NewsWorkJam Launches Shift Bidding to Simplify Scheduling and Ensure Compliance in Complex Frontline Work Environments
WorkJam introduces Shift Bidding, a new feature designed to simplify scheduling in complex environments like unionized workplaces. This innovative tool ensures compliance with union rules and regulations while empowering employees to rank s
Venture CapitalRoboForce raises $10M to deploy mobile manipulators
RoboForce, a leading AI Robotics startup, has secured $10M in early-stage funding to revolutionize industrial labor through advanced robotic workforce solutions. Targeting industries like solar, space, and mining, RoboForce's AI-powered "Ro
Venture CapitalPayfare Enters into Definitive Agreement to be Acquired by Fiserv
Payfare Inc., a global leader in Earned Wage Access (EWA) and digital banking for workforces, has entered into a definitive agreement to be acquired by Fiserv, Inc., a leading financial services technology provider. The all-cash deal values
Venture CapitalDeel Acquires Assemble: A New Era in Global Compensation Management
Deel’s acquisition of Assemble marks a significant advancement in global workforce management. By integrating Assemble’s robust compensation management tools into Deel’s platform, businesses can now access a seamless, data-driven solution f
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