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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300TrueBlue Reports Second Quarter 2024 Results
TrueBlue reported its second quarter 2024 results, highlighting a challenging market environment marked by economic uncertainty and client caution. Revenue for the quarter was $396 million, down 17% from the previous year. The company incur
EarningsTriNet's Q2 2024 Highlights: Revenue Growth, Strong Sales, and Positive Customer Retention
TriNet Group, Inc. reported its financial results for the second quarter of 2024, highlighting a 1% growth in total revenues to $1.2 billion and a 5% increase in professional service revenues to $186 million. The net income per diluted shar
Venture CapitalHR Path Secures Historic €500 Million to Fuel Global Expansion and HR Innovations
HR Path , a global leader in HR consulting, has secured a record €500 million in financing from Ardian, a top private investment firm. This significant investment, the largest in the company's history, will propel HR Path's international gr
Product NewsBorderless AI and Cohere Launch Alberni: The First AI Agent Revolutionizing Global HR
Borderless AI , the pioneering AI-powered HR platform, has partnered with Cohere to revolutionize the HR industry with tailored AI agents. The partnership aims to streamline global HR challenges such as onboarding, payroll, and compliance,
Company NewsRandstad Digital Acquires Torc, the AI-powered Digital Talent Marketplace
Randstad NV, the world's leading talent company, announced the acquisition of Torc, an AI-powered talent marketplace platform. This acquisition aims to strengthen Randstad Digital's capabilities in providing global digital talent, particula
Venture CapitalLegion Secures $50M Growth Investment Led by Riverwood Capital To Accelerate Market Growth and Drive Global Hourly Workforce Innovation
Legion Technologies , a leader in workforce management, has secured a $50 million funding round led by Riverwood Capital, with participation from various investors. This investment will enhance Legion's R&D and market expansion efforts, aim
EarningsTrueBlue Reports First Quarter 2024 Results
TrueBlue reported a 13% decline in revenue to $403 million in Q1 2024, with a net loss of $2 million, an improvement from the previous year's $4 million loss. Key financial measures include a 13% reduction in SG&A expenses, an adjusted EBIT
EarningsInsperity Q1 2024 Earnings: Strong Performance Despite Economic Slowdown
Insperity, Inc. reported its Q1 2024 financial results, highlighting a 4% increase in gross profit to $345 million, driven by strong pricing and favorable benefits costs, despite a 1% decrease in average worksite employees paid. Net incom
Venture CapitalRemotePass Transforms the Future of Work: Secures $5.5M to Expand Global HR Solutions
RemotePass , an HR and fintech startup, has raised $5.5 million in Series A funding, surpassing a total of $10 million in capital. This investment will further develop its platform, which assists companies in onboarding, managing, paying, a
Company NewsFirst Advantage Reports Full Year and Fourth Quarter 2023 Results
First Advantage Corporation reported its financial outcomes for 2023, highlighting a revenue of $763.8 million and a net income of $37.3 million. The adjusted EBITDA was $237.6 million. Despite a revenue decline from the previous year, the
EarningsTrueBlue Reports Fourth Quarter and Full-Year 2023 Results
TrueBlue , a leading provider of specialized workforce solutions, announced its fourth quarter and full-year results for 2023, highlighting a decrease in revenue by 12 percent to $492 million for the quarter and a 15 percent decrease to $1.
Company NewsTriNet Announces Retirement of Burton M. Goldfield and Appoints Mike Simonds President and CEO
TriNet, a leading HR solutions provider for SMBs, announces the retirement of CEO Burton M. Goldfield and the appointment of Mike Simonds as the new President and CEO. Goldfield led TriNet through significant growth, including a successful
EarningsRobert Half Reports Fourth-Quarter Financials: $1.473 Billion in Revenue
Robert Half Inc. reported its fourth-quarter financial results, highlighting significant outcomes and future prospects. The report shows a net income of $87 million, or $0.83 per share, on revenues of $1.473 billion for the quarter ending D
Venture CapitalVestwell's Series D Success: Paving the Future of Fintech with $125 Million
Vestwell, a trailblazer in the savings platform sector, has successfully raised $125 million in its Series D funding round. This significant investment, led by Lightspeed Venture Partners and supported by other key investors, marks a major
Product NewsAon’s $13.4 Billion Gamble: Acquiring NFP to Dominate the Middle Market
Expands Aon's presence in large and fast-growing middle-market segment, with opportunity to enhance distribution through the firm's Aon Business Services platform to deliver more value to clients Brings together two cultures with a shared c
Company NewsThe Josh Bersin Company Introduces Systemic HR™, a Global Initiative to Redefine the Role of Human Resources in Business
The Systemic HR™ Initiative by The Josh Bersin Company represents a groundbreaking shift in the HR landscape. This multi-year program, backed by over 25 years of research, redefines HR's role in modern business. Moving beyond traditional mo
Venture CapitalSA recruiting startup JOBJACK raised $2.5 M to support initiatives to reduce unemployment
South African recruitment startup JOBJACK has raised ZAR45 million (US$2.5 million) in pre-Series A funding to help it change the narrative of entry-level recruitment in the country. Founded in 2018 by Christiaan van den Berg and Heine Bell
Venture CapitalMicro1's Game-Changing $1.3M Raise: Revolutionizing AI in Engineering Recruitment
Micro1 , an LA-based engineering recruitment company, has successfully raised $1.3 million in a new funding round, surpassing its initial goals. Founded by Ali Ansari, a UC Berkeley alumnus and seasoned entrepreneur, Micro1 leverages AI to
Venture CapitalHowdy.com Acquires Brazilian Talent Marketplace, GeekHunter, As Demand for AI Engineers Increases
AUSTIN, Texas -- Howdy.com , a talent sourcing and management provider that connects U.S. companies with Latin American (LATAM) tech workers, announced the acquisition of GeekHunter , one of the largest and most reputable talent marketplac
EarningsPaycor Announces Fourth Quarter and Fiscal Year 2023 Financial Results With Strong Revenue Growth
CINCINNATI, Aug. 16, 2023 -- Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, announced financial results for the fourth quarter and full fiscal year 2023, which ended June 30, 202
Company NewsSetting the Record Straight: Deel Responds to Inaccurate Claims
Deel , a global HR admin platform, has recently found itself at the center of several inaccurate claims made against the company. In a statement released on their blog, Deel addresses these allegations, aiming to clear up any misunderstandi
EarningsHireQuest Reports Financial Results for Second Quarter 2023 with 25.3% YoY Increase in Total Revenue
GOOSE CREEK, SC -- August 10, 2023 -- HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, reported financial results for the second quarter ended June 30, 2023. Rick H
Product NewsKohlberg & Company, LLC announced a strategic partnership with Engage PEO: Acquire a Majority Stake
MOUNT KISCO, N.Y. & NEW YORK– Kohlberg & Company, LLC (“Kohlberg”) today announced a strategic partnership with Engage PEO (“Engage” or “the Company”), a leading professional employer organization (“PEO”) providing HR outsourcing solutions
Product NewsTriNet Group, Inc. Announces Plans to Launch a $1 Billion Fixed Price Tender Offer and Repurchase From Atairos, Each at A Cost of $107 Per Share of Common Stock
Dublin, CA — July 31, 2023 — TriNet Group, Inc. (NYSE: TNET), a leading provider of comprehensive and flexible human capital management (HCM) solutions for small and medium-size businesses (SMBs), announced its plan to launch a fixed price
ColumnLinkedIn's Revenue Surpasses $15B for the First Time: Microsoft's Q4 FY23 Earnings
Microsoft announced its Q4 FY23 earnings, which included several highlights for LinkedIn. In Q4, LinkedIn's revenue increased by 5% year-over-year (7% in constant currency), surpassing $15 billion for the first time this fiscal year. Member
Company NewsTriNet Reports Strong Q2 2023 Results with 15% YoY Increase in Net Service Revenue
TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), announced its second quarter 2023 results. The company reported a net service revenue of $250 million, up 15% year over year.
EarningsFiverr Revenue Rises 1.5% In Q1 2023
May 11, 2023/--Fiverr International Ltd. (NYSE: FVRR), the company that is revolutionizing how the world works together, today reported financial results for the first quarter 2023. Complete operating results and management commentary can b
Company NewsZipRecruiter Announces First Quarter 2023 Results
May 9, 2023/-- ZipRecruiter ® , a leading online employment marketplace, today announced financial results for the quarter ended March 31, 2023. ZipRecruiter’s complete first quarter 2023 results, financial guidance, and management commenta
Venture CapitalHitachi Launches 3rd Corporate Venture Capital Fund for Innovation in Digital Field
Hitachi, Ltd . announced the establishment of a third fund for Hitachi Ventures (HV) , the global corporate venture capital arm of Hitachi, for the purpose of accelerating innovation and initiating new business opportunities in the digita
HotNewsCalifornia Appeals Court Ruling: Balancing the Interests of Uber, Drivers, and Labor Rights
A California Court of Appeals ruled Monday that companies such as Uber Technologies Inc., DoorDash Inc. and Lyft Inc. can classify their rideshare and delivery drivers as independent contractors under Proposition 22. (photo by Stock Catal
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