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Venture Capital

London-based Pearson Closes Acquisition of PDRI

Acquisition to significantly expand Pearson’s services to U.S. Federal Government March 23, 2022, London –   Pearson  today announces it has completed the acquisition of  Personnel Decisions Research Institutes, LLC (‘PDRI’),  a trusted pro

Mar 26, 2023
Venture Capital

Workera closes $23.5m Series B financing, establishing itself as a leader in Skills Intelligence

PALO ALTO, Calif. ,  March 23, 2023 / -- Workera , an industry-leading skills intelligence platform, announced today that it has closed a  $23.5m  Series B financing led by  Jump Capital  with participation from existing investors  NEA ,  O

Mar 23, 2023
Company News

Indeed, an American worldwide employment website, Lays Off 2,200 Workers Globally

MARCH 23, 2023/-- Indeed , an American worldwide employment website for job listings, lays off 2,200 workers globally. With sponsored job ads down 33% Indeed is reducing its workforce. This message was shared earlier today with Indeed emplo

Mar 23, 2023
Venture Capital

Germany-based zvoove Group Acquires ProSolution to further expand its portfolio by adding horizontal SaaS solutions

zvoove Group expands portfolio and underlines its status as the leading SaaS provider of personnel services software in Europe Lohne/Schaanwald (Liechtenstein), 02 March 2023  - The zvoove Group, the market-leading provider of software for

Mar 23, 2023
Company News

Kanarys And MAC Diversity Recruiters Partner To Advance DEIB Efforts In The Workplace

MARCH 22,2023/-- Kanarys , a diversity, equity, inclusion, and belonging (DEIB) technology company focused on providing the tools organizations need to create systemic change around DEIB challenges, and  MAC Diversity Recruiters , a boutiqu

Mar 23, 2023
Company News

A leader in HR technology PrismHR Raise The Bar At PrismHR LIVE 2023

MARCH 22,2023/ -- PrismHR , the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced details about its annual event, PrismHR LIVE . Being held at the JW Marriott in Austin, Texas,

Mar 22, 2023
Wellbeing

Paychex Charitable Foundation to Donate $1 Million to Mental Health America

ROCHESTER, N.Y. ,  March 22, 2023  -- Paychex, Inc. , a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that  Mental Health America

Mar 22, 2023
Venture Capital

Gable Raises $16 Million to Help Remote Employees Work Together

SAN FRANCISCO ,  Feb. 28, 2023 --  Gable , the startup that helps distributed companies manage office space for their workforce, today announced a  $16M funding. On Gable's portal, employees can see where their coworkers are working that da

Mar 22, 2023
Product News

Gravie Secures $179 Million Financing to Expand Innovative Health Benefits Plans for SMEs

MINNEAPOLIS ,  March 21, 2023 -- Gravie, one of the fastest growing employer health benefits companies in the United States , announced today that General Atlantic, a leading global growth equity investor, will anchor a  $179 million  equit

Mar 22, 2023
Venture Capital

Rain Instant Pay Closes Historic Funding, $116M Total in Series A

Rain , a provider of financial wellness products that empower and engage employees, announced today that it raised $116 million, encompassing $66 million in equity and $50M in debt. QED Investors and Invus Opportunities led the Series A wit

Mar 21, 2023
Product News

Paylocity Unveils AI Assist™ – Leading the Industry in Integrating Generative AI into HCM Software

Leveraging OpenAI—the developer of ChatGPT—AI Assist Uses Artificial Intelligence to Enable Faster and More Effective Communications Across the Enterprise SCHAUMBURG, Ill., March 21, 2023 -- Paylocity (NASDAQ: PCTY) today announced AI Assis

Mar 21, 2023
Company News

Workhuman Announces 10% Global Workforce Reduction Amid Business Realignment

Workhuman, a leading employee engagement and recognition platform, has announced a difficult decision to reduce its global workforce by approximately 10% in order to realign its investments, balance growth and profitability, and address the

Mar 21, 2023
Venture Capital

San Francisco-based Upduo Secures $4 Million in Seed to Help Teams Leverage Peer-to-peer Learning

SAN FRANCISCO-- Upduo , the peer-to-peer learning platform for data-driven teams, today announces that it has raised $4 million in seed capital. The funding round was led by Impact Venture Capital with participation from Sky9 Capital and an

Mar 20, 2023
Venture Capital

Germany-based Ordio Raises €2.9M in Seed Funding

Ordio , a Cologne, Germany-based startup digitalizing the workforce management and scheduling of companies with shift operations, raised €2.9m in seed funding. Backers included Capnamic & Simon Capital . The seed round was Ordio ’s second f

Mar 20, 2023
Opinion

Rippling's Swift Crisis Management: A Lesson in Resilience and the Importance of Reliable Partners

In the ever-evolving world of business, a company's ability to adapt and overcome challenges is crucial for long-term success. Recently, Rippling, a workforce management company, found itself in the midst of a financial crisis when Silicon

Mar 18, 2023
Venture Capital

Rippling Attracts $500M Series E Investment from Greenoaks, Upholding $11.25 Billion Valuation Seen in Previous Round

Rippling raises $500M in Series E financing Rippling has raised $500M in a round led by Greenoaks. The round values the company at $11.25 billion, the same as the company’s Series D financing in May 2022. This was an unusual round, raised i

Mar 17, 2023
Company News

HireQuest Reports Financial Results for Fourth Quarter 2022

Q4 2022 Royalty Revenue Grows 26.4% YoY to $7.7 million Q4 2022 Net Income from Continuing Operations Increases 21.0% YoY to $2.6 million GOOSE CREEK, SC / ACCESSWIRE / March 16, 2023 /  HireQuest, Inc. (Nasdaq:HQI), a national franchisor o

Mar 16, 2023
Company News

Workday:How AI and ML Are Powering the Future of Work

At Workday, we’ve embedded AI and ML into the very core of our platform—delivering unrivaled business adaptability and competitive advantage to our customers. Here’s how. Workday has long believed that artificial intelligence (AI) and machi

Mar 15, 2023
HotNews

California 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

Mar 15, 2023
Venture Capital

AG5 raises €6 million from Headline, Peak to save the manufacturing industry from Excel

AMSTERDAM ,  March 14, 2023 / -- AG5 , the SaaS platform used to map and track employees' skills and qualifications, has raised €6 million in a new round of investment. Last year, the company received €1.2 million from tech investor Peak. S

Mar 14, 2023
Company News

Updates on the Impact of Silicon Valley Bank's Bankruptcy on Payroll Service Providers

Update: The Fed just approved full protection of all depositors! Everyone will have full access to all of their money starting tomorrow, March 13th. The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companie

Mar 12, 2023
Company News

Rippling calls on FDIC to release payments due to hundreds of thousands of everyday Americans

Background: The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situati

Mar 11, 2023
Company News

Gusto Payroll Processing is Not Impacted by the Silicon Valley Bank Situation

Background: The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situati

Mar 11, 2023
Company News

Wrapbook Update: Our Response to Collapse of Silicon Valley Bank

Background:  The bankruptcy of Silicon Valley Bank has had a widespread impact, particularly on companies that provide payroll services for employees. We have seen a number of companies issuing announcements and updates regarding the situat

Mar 11, 2023
Venture Capital

With $6M from Greylock & Susa Ventures, HeadRace Launches to Democratize the Recruiting Industry

HeadRace is building the world’s largest network of boutique recruiters - making hiring faster, more transparent, and more cost-effective for employers. AUSTIN, Texas-- HeadRace , a recruiting platform, announced today that it raised $6M in

Mar 10, 2023
Venture Capital

MentorcliQ receives $80M investment to enhance enterprise mentorship and inclusive culture.

COLUMBUS, Ohio– MentorcliQ , a leader in employee mentoring software, today announced a strategic growth investment of over $80 million from PSG, a leading growth equity firm partnering with software and technology-enabled services companie

Mar 9, 2023
Venture Capital

Toronto-based Barley Secures $4M Seed Funding to Build Data-Driven Compensation Management Platform

Barley's HR software builds trust between employers and employees through informed and equitable compensation management TORONTO ,  March 8, 2023   Barley, a compensation management   platform that makes it easy for companies to structure,

Mar 8, 2023
Venture Capital

Fount Global Raises $8M in Series A Funding to Tackle Employee Disengagement and Boost Productivity"

The SaaS provider more than doubled ARR and added 10 new enterprise customers in 2022. The additional funding will be used to launch new features targeting key talent segments and further advance the product and technology infrastructure. W

Mar 8, 2023
Product News

The Josh Bersin Company's Irresistible 2023 Conference Announces Impressive Speaker Line-Up and Agenda for Global HR Leaders

Executives from Moderna, Rivian, Mastercard, Tyson Foods, and Liberty Mutual Insurance among keynote speakers and session hosts at this year's event at  USC ,  Los Angeles ,  June 20-22 "TED Talk" style learning sessions, panel discussions,

Mar 8, 2023
Company News

ADP National Employment Report: Private Sector Employment Increased by 242,000 Jobs in February; Annual Pay was Up 7.2%

Private sector employment increased by 242,000 jobs in February and annual pay was up 7.2 percent year-over-year, according to the February  ADP ®  National Employment Report TM  produced by the ADP Research Institute ®  in collaboration wi

Mar 8, 2023
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