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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300LinkedIn Adjusts China Strategy: Cuts Jobs and Phases Out InCareer App Amid Competition
LinkedIn, the Microsoft-owned professional networking platform, has announced that it will be cutting 716 jobs and phasing out its local jobs app, InCareer, in China. The decision comes in the wake of "fierce competition and a challenging m
NewsAsure to Showcase Payroll Tax Management Solutions at Payroll Congress and TPG National Conference
Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, is pleased to announce its participation in two upcoming industry events this month: the American Payroll Association’s (APA) Payroll
Company NewsRiverbed Leads in Workplace Employee Experience Management Platforms
Riverbed , the leader in unified observability, today announced that it was named a Leader in Everest Group’s report: Workplace Employee Experience Management Platforms PEAK Matrix® Assessment 2023. Everest Group assessed 10 Digital Employe
Company NewsGlobal People Analytics Leader Visier Introduces New Products to Address Workforce Challenges
Visier , the globally recognized leader in people analytics and workforce solutions for people-powered business, today announced new products designed to offer fast, radically simple, and cost-effective solutions to today’s most pressing wo
Venture CapitalA SaaS-based Connected Worker Platform Innovapptive Raises an Undisclosed Amount in Series B Funding
Innovapptive , a Houston, TX-based provider of a SaaS-based connected worker platform, raised an undisclosed amount in Series B funding. The round was led by Vista Equity Partners , with participation from existing investor Tiger Global Man
Venture CapitalFrancisco-based Switchboard Receives Investment From HubSpot
Switchboard , a San Francisco, CA-based digital collaboration workspace that helps hybrid and remote teams communicate and work side by side, received an investment from HubSpot Ventures, the venture arm of HubSpot (NYSE: HUBS). The amount
Company NewsPaylocity Announces Third Quarter Fiscal Year 2023 Financial Results
Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the third quarter of fiscal year 2023, which ended March 31, 2023. "Our overall moment
Company NewsRandstad Reports First Quarter 2023 Results, Organic Revenue Per Working Day Declined by 4.2% YoY
Randstad , the world’s largest talent company and a partner of choice to clients, today announced its financial results for the first quarter on May 3, 2023. Financial performance Revenue Organic revenue per working day declined by 4.2% YoY
Company NewsIgniteTech Announces Addition of Jive Software to Company's Leading Solutions
AUSTIN, Texas -- IgniteTech™ , the company "Where Software Goes to Thrive™," today announced that Jive Software is now part of its set of leading software solutions for enterprise customers. Because of Jive's global reach and record of succ
AcquisitionVeriforce Transforms Its Global Workforce Management Capabilities with the Acquisition of Global Worker Pass
HOUSTON TX – May 3, 2023/-- Veriforce , the industry’s fastest-growing provider of supply chain risk and compliance management solutions, has announced the acquisition of Global Worker Pass , an innovative software solution designed to stre
Company NewsRecruitics Launches Fusion, the New Quality Applicant Delivery Platform
Recruitics , the leader in programmatic advertising and analytics for recruitment, has unveiled Fusion, an end-to-end talent conversion, engagement, and screening platform. Fusion seamlessly integrates a conversion-optimized candidate exper
Company NewsPaycom Software, Inc. Reports First Quarter 2023 Results
First Quarter Revenues of $452 million, up 28% from the comparable prior year period First Quarter GAAP Net Income of $119 million, representing 26% of total revenues, or $2.06 per diluted share First Quarter Non-GAAP Net Income of $143 mil
Venture CapitalEntendre Finance has Raised $4M In Seed Financing to Launche Fully Automated E2E Accounting Solution for Web3
Entendre Finance has raised $4M in seed financing to launch the first fully automated end-to-end accounting and bookkeeping solution for businesses operating in Web3. Led by Basis Set and with participation from Valhalla , Caffeinated,
Venture CapitalGigs Secures $2.7 Million in Pre-Seed Funding to Connect Companies to Job Seekers Looking for Hourly Roles in Their Neighborhood.
LOS ANGELES – May 1, 2023 – Gigs , the job platform that connects companies to job seekers looking for hourly jobs in their neighborhood, announced today the company’s official launch of its employer portal to help retailers, food and bev
Venture CapitalCV Wallet, the Skills-based Hiring Platform that Harnesses the Latest Web3 and AI Technologies, Raises $1.1 million in Angel investment
The start-up secured the funding in just two weeks, with the oversubscribed round closed early, following overwhelming interest. This is despite a tech funding crisis, which may last into 2024 according to experts. The round has been suppor
NewsReejig Launches World’s First AI-driven Work Ontology™
Today at the UNLEASH America conference, Reejig , the global leader in workforce intelligence, announced its new Work Ontology™, which unbundles traditional job architectures to atomized components such as skills required, tasks and task ad
Venture CapitalNew Jersey-based True Acquires First and Leading Diversity & Inclusion Tech Company Jopwell
Jopwell Joins True Platform Companies AboveBoard and True Search in Mission to Address Diversity at Every Stage of the Recruitment Lifecycle NEW YORK, N.Y. - April 27, 2023 - True , the premiere global platform of innovative talent manageme
Product NewsTriNet Announces First Quarter 2023 Results, 2% Growth in Total Revenues to $1.2 Billion
6% Growth in Professional Service Revenues to $205 million 2% Growth in Total Revenues to $1.2 billion Net Income per Diluted Share of $2.17 and Adjusted Net Income per Diluted Share of $2.49 TriNet Group, Inc. (NYSE: TNET), a leading pro
Venture CapitalPaycor to Acquire Behavioral Science-Based, Microlearning Solution, Verb
Acquisition will support Paycor’s mission of empowering leaders by inspiring positive and sustainable behavior change programs through personalized development pathways CINCINNATI, OH — April 25, 2023 — Paycor HCM, Inc. (“Paycor”) (Nasdaq
ColumnLINKEDIN REVENUE UP 10% IN FISCAL Q3 AS MICROSOFT CEO REPORTS RECORD ENGAGEMENT
LinkedIn revenue rose 10% in constant currency to more than $3.70 billion; the increase was 8% on a reported basis. Microsoft Corp., which owns LinkedIn, reported earnings on Tuesday for its fiscal third quarter ended March 31. “We once aga
Company NewsADP Reports First Quarter Fiscal 2023 Results
ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its first quarter fiscal 2023 financial results along with its revised fiscal 2023 outlook through an earnings releas
Venture CapitalTEXAS-BASED BGSF ACQUIRES TENNESSEE-BASED IT STAFFING AND SOLUTIONS FIRM ARROYO CONSULTING
BGSF Inc. (NYSE: BGSF), a Plano, Texas-based staffing firm, acquired Arroyo Consulting , an IT staffing and solutions firm headquartered in Nashville, Tennessee. Arroyo Consulting had revenue of approximately $16.2 million in fiscal yar 202
Venture CapitalBelgian Startup Whale Raises 2.5 Million Euros To Boost Knowledge Sharing And Employee Training For Companies Worldwide
Belgian SaaS tech company Whale announced a 2.5 million Euros raise from existing investors Volta Ventures and Peak to allow companies to turn their process and SOP documentation into a channel for employee training and growth. The fundin
Venture CapitalDearEmployee Secures Fresh Capital in Pre-Series A to Further Expand and Strengthen Market Position
DearEmployee , the innovation leader in HR tech, announces the closing of a pre-Series A round. In particular, the fresh capital from new and existing investors will be used to further expand the functionality of the software solution along
Venture CapitalSonet.io Raises $6M Seed Funding to Fix Remote Work Challenges for Global, Distributed Workforces
April 24,2023/-- Sonet.io , built for IT leaders that want a great experience for their remote workers while enhancing security and observability, today emerged from stealth and announced it’s raised $6 million in seed capital, co-led by T
Venture CapitalBerlin-based RYDES raises €3.5 million in Seed Funding to expand with its corporate mobility platform across Europe and the US
April 24, 2023/--Berlin-based corporate mobility budget platform RYDES has just announced a €3.5 million seed round led by Assembly Ventures and Rethink Ventures , and with participation from Futury Capital and business angel Jens Krüger,
Company NewsCodeSignal Takes Technical Hiring To New Heights With Enhanced Scoring System And Revolutionary AI Insights
CodeSignal , the leading technical interview and assessment solution, announced Coding Score 2023 and custom AI-generated insights to revolutionize the way companies evaluate skills and approach technical hiring. Coding Score 2023 leverages
Venture CapitalInteract Software Acquires Sideways 6 to Increase Employee Engagement Intranet Tools for Customers
MANCHESTER, U.K. and LONDON-- Interact Software (Interact), a leading intranet solution provider for enterprise businesses across North America and EMEA, today announced the acquisition of Sideways 6 , an integrated crowdsourcing and idea
Product NewsManpowerGroup Reports 1st Quarter 2023 Result
Revenues of $4.8 billion (-8% as reported, -2% constant currency (CC)) Gross profit margin of 18.2%, up 80 basis points year over year reflecting continued strong pricing discipline and increased outplacement activity in Right Management Ma
Venture CapitalA Provider of On-demand Salary Payment Solution Spayr Raises €2.5M in Seed Funding
Spayr , a La Trinité-sur-Mer, France-based on-demand salary payment solution provider, raised €2.5M in Seed funding. The round was led by Blast.Club with participation from FBA (Femmes Business Angels) and other fintech angel investors. The
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