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Product News

Harri Announces Product Innovation Designed to Propel the Frontline Employee Experience and Restaurant Profitability

Harri , a leading Frontline Employee Experience platform, has announced its latest product release, featuring 70 new features and updates designed to enhance the efficiency and engagement of hospitality organizations. The Summer 2024 Releas

May 16, 2024
Company News

Randstad 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

May 16, 2024
Product News

Eightfold AI Talent Tracking Brings an AI-native ATS to Every Organization

Eightfold AI  has launched Eightfold Talent Tracking, an AI-native, end-to-end talent acquisition system, replacing traditional applicant tracking systems. This innovative solution integrates seamlessly with Eightfold's Talent Intelligence

May 15, 2024
Product News

Fountain Launches New AI Products to Help Customers Manage Frontline Workforce

Fountain , the leading platform for frontline workforce management, has introduced four new products: Fountain Assist, Fountain I-9 Center, Fountain Reach, and Fountain Communicate. These tools are designed to enhance hiring, onboarding, an

May 15, 2024
Company News

Indeed to Lay Off 1,000 Employees in Strategic Move to Simplify Operations

Indeed , the career site, announced the layoff of approximately 1,000 employees, constituting about 8% of its U.S. workforce. This decision, conveyed through a letter from CEO Chris Hyams, primarily affects the Research & Development and Go

May 14, 2024
Venture Capital

Sona, next-generation workforce management for frontline, raises $27.5M Series A led by Felicis

Sona , an advanced workforce management platform for frontline enterprises, announced a $27.5M Series A funding led by Felicis, with participation from Northzone, Gradient, and others. This brings Sona's total funding to over $40M. The capi

May 14, 2024
Venture Capital

Anthropos raises $2.7M to help companies build the workforce of the future using AI

Anthropos , a startup with offices in the US and Switzerland, has raised $2.7 million in pre-seed funding to address the pressing issues of talent shortage and skills development. The platform, founded by Stefano Bellasio and Giacomo Marina

May 14, 2024
Venture Capital

Worky Raises $6 Million to Drive Growth and Accelerate Adoption of Cloud-Based HR and Payroll Solution in Mexico

Worky , an all-in-one HR and payroll software designed for Mexican companies, recently secured $6 million in Series A funding led by Atlántico and ADP Ventures. Founded in 2018, Worky aims to modernize employee recruitment, management, and

May 14, 2024
Product News

Sense Announces Conversational Voice AI for Recruiting

Sense has unveiled its latest innovation, Sense Conversational Voice AI, which integrates with the company's existing Recruiting Automation, Chatbot, and Messaging products. This new technology automates candidate outreach, screening, and s

May 14, 2024
Company News

Visier's First Quarter of 2024 Marks Unprecedented Scale in Generative AI Production Use and Transformational Investment in Analytic Platform Capabilities

Visier , a leader in people analytics, announced key achievements for Q1 2024. Highlights include the launch of "Vee," a generative AI assistant, and the "Open for Builders" initiative. Visier's AI technology now serves 2.1 million Paycor e

May 14, 2024
Company News

Revolutionizing Coaching: CoachHub Unveils AI Coaching Companion

CoachHub has introduced its AI Coaching Companion, an innovative AI-driven tool integrated into its digital coaching platform AIMY™. Available as an add-on through the CoachHub app in Microsoft Teams, the AI Coaching Companion provides 24/7

May 14, 2024
Earnings

ZipRecruiter Announces First Quarter 2024 Results

ZipRecruiter reported a revenue of $122.2 million in the first quarter of 2024, with a net loss of $6.5 million, reflecting a net loss margin of 5%. Adjusted EBITDA for the quarter was $20.8 million, marking a 17% margin. Despite the challe

May 10, 2024
Earnings

Fiverr Announces $100M Buyback as Q1 Earnings Beat Expectations

Fiverr International Ltd. reported strong Q1 2024 results, with revenue reaching $93.5 million, a 6.3% increase year-over-year, driven by strategic expansion into complex services and SPB growth of 8%. Despite a challenging hiring environme

May 9, 2024
Product News

Sense AI Products Pass Bias Audit Conducted by Holistic AI

Sense , a leader in AI-driven talent engagement, has announced that its AI Chatbot and Candidate Matching products passed a bias audit by Holistic AI. This audit ensures compliance with New York City's Local Law 144, which mandates bias aud

May 8, 2024
Venture Capital

ServiceNow acquires Advance Solutions IP to enhance talent acquisition experience

ServiceNow has acquired Intella, an end-to-end talent acquisition solution from Advance Solutions Corp., to enhance its Now Platform. This acquisition streamlines the recruitment, hiring, and onboarding processes, integrating these function

May 8, 2024
Venture Capital

ChangeEngine Secures $10 Million Series A Funding To Bring AI-Powered CX Innovation To The Employee Experience

ChangeEngine, a platform uniting Marketing & People teams, announced a $10 million Series A funding led by Threshold Ventures, Struck Capital, and Bonfire Ventures. The investment will enhance hiring, innovate the platform with advanced ana

May 8, 2024
Product News

Cornerstone Redefines Learning and Talent Management with Launch of AI-Powered Workforce Agility Platform, Cornerstone Galaxy

Cornerstone OnDemand announced the launch of Cornerstone Galaxy, a comprehensive AI-powered platform designed to bridge the growing workforce readiness gap. This platform facilitates organizational transformation by identifying skill shorta

May 8, 2024
Earnings

HireRight Reports First Quarter 2024 Results

HireRight Holdings Corporation reported its Q1 2024 financial results, revealing a slight decrease in revenue to $173.2 million from $175.4 million the previous year, and a net loss of $3.3 million, an improvement over last year's $7.9 mill

May 7, 2024
Venture Capital

Legion 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

May 7, 2024
Venture Capital

EV3 Global Raises $3M to Revolutionize Hiring with AI Technology

EV3 Global, an innovative technology firm based in Denver, announced a $3 million funding round led by Real Tech Capital, alongside other VC firms and private investors. The company, founded in 2022, is revolutionizing the hiring process by

May 7, 2024
Company News

New Generation of AI Platforms Set to Revolutionize the $200 Billion HR Technology Market, Says Josh Bersin Company

The Josh Bersin Company has unveiled a significant shift in HR technology with the rise of Enterprise Talent Intelligence systems. These AI-driven platforms, moving beyond mere talent acquisition, now encompass career development, leadershi

May 7, 2024
Product News

Benefit Harbor Unveils BHAI: A Revolutionary AI Platform to Enhance HCM & Workforce Management

Benefit Harbor , a leader in Benefit Administration for over 2.8 million individuals, has announced the launch of BHAI, an AI-driven platform that revolutionizes benefits management for ERP users. This platform provides customized benefits,

May 7, 2024
Earnings

Heidrick & Struggles Reports Strong Q1 2024 Earnings, with Strategic Acquisitions Boosting Growth

Heidrick & Struggles International, Inc. reported an 11% year-over-year increase in quarterly revenue, totaling $265.2 million for Q1 2024. The company also declared a quarterly cash dividend of $0.15 per share. Despite the acquisitions of

May 6, 2024
Venture Capital

Docusign Accelerates Intelligent Agreement Management with Lexion Acquisition

Docusign has announced the acquisition of Lexion, a leader in AI-powered agreement management software, for $165 million in cash. Lexion's technology enhances the contract process by enabling faster drafting, negotiation, and review, and in

May 6, 2024
Earnings

TrueBlue 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

May 6, 2024
Product News

Nexxt.com Unveils Cutting-Edge Candidate Search and Recruitment Automation Solutions

Nexxt.com , a pioneer in HR technology, has launched the Nexxt Talent Sourcing Platform, aiming to revolutionize talent acquisition with advanced automation. This innovative solution addresses the dissatisfaction of 75% of companies with cu

May 6, 2024
Venture Capital

MedRisk Agrees to Purchase Casualty Claims Solutions Business from Conduent

MedRisk, a leader in managed physical rehabilitation for workers' compensation, has agreed to acquire the Casualty Claims Solutions business from Conduent, including Strataware products. This acquisition encompasses services like workers' c

May 3, 2024
Earnings

Upwork Reports First Quarter 2024 Financial Results

Upwork Inc. reported a robust Q1 2024 with a significant increase in net income to $18.4 million and Adjusted EBITDA to $33.3 million, marking substantial improvements from the previous year. The company announced a 19% year-over-year reven

May 2, 2024
Company News

Paycom's Stellar Q1 2024: Doubling Profits and Pioneering HCM Innovations

First Quarter Revenues of $500 million, up 11% from the comparable prior year period First Quarter GAAP Net Income of $247 million, representing 49% of total revenues, or $4.37 per diluted share First Quarter Non-GAAP Net Income of $147 mil

May 1, 2024
Product News

Phenom Releases Massive Wave of HR Tech Innovation: Talent Experience Engine, Next-GenAI Agents, New Platform Experiences, and Updates for Talent Acquisition and Talent Management

Phenom has unveiled a significant update to its HR tech offerings during the IAMPHENOM 2024 Product Innovation Keynote in Philadelphia. The update introduces several new features aimed at enhancing talent acquisition and management. These i

Apr 26, 2024
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