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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
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
Venture CapitalTROOP Leads the Charge in Corporate Meeting Planning With $11M Series B Funding, Led by Durable Capital Partners
MARCH 30, 2023/-- TROOP , the award-winning developer of corporate meeting technology and services, today announced a $11m Series B funding round. The round was led by Durable Capital Partners LP and Madrona Venture Group , with partici
Venture CapitalRain 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
Company NewsWorkhuman 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
Venture CapitalAG5 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
Venture CapitalGlider AI secures $10M Series A funding to help enterprises shift to skills-based hiring and guarantee candidate fit.
CUPERTINO, Calif.– Glider AI , a Skill Intelligence Platform, closed a total of $10M in Series A funding from Primera Capital and other industry leaders. Recognized by Staffing Industry Analysts (SIA) as the most innovative HR technology,
EarningsThe Adecco Group: Q4 & Full Year 2022 Results, Fourth Quarter Revenues Up 5% Year Over Year to € 6.212 Billion
ZURICH , Feb. 28, 2023 -- The Adecco Group , the world’s leading talent advisory and solutions company, announced the fiscal 2022 fourth quarter and full year 2022 Results. Q4 HIGHLIGHTS Revenues +13% reported, +5% yoy organic TDA; up in a
Venture CapitalTalent Management and Engagement Suite WorkLLama Raises $50M to Accelerate Growth in Direct Sourcing and Talent Relationship Management
WorkLLama raises investment to continue evolving its platform of products to serve enterprise and staffing markets ALPHARETTA, Ga. , Feb. 24, 2023 -- WorkLLama , technology provider of an AI-driven, talent marketing, relationship manageme
EarningsGEE Group Announces Results for the Fiscal 2023 First Quarter, Revenue Falls 4.0% in Fiscal Q1
JACKSONVILLE, FL., February 14, 2023 -- GEE Group Inc . (NYSE American:JOB) together with its subsidiaries (collectively referred to as the "Company", "GEE Group", "us", "our", or "we"), a provider of professional staffing services and hum
Company NewsDistribution Center Technology Provider Lucas Systems Announces New Warehouse Technology To Serve A Gen Z Workforce
WEXFORD, Pa. , Jan. 25, 2023 -- Distribution center technology provider Lucas Systems announced today its rollout of new technologies promising productivity, comfort and ease of use to a Gen Z warehouse workforce of the future. The technol
Company News13.86 billion -2022 Global Investment and Financing in HRTech
According to DHR statistics, 412+ investment and financing events were generated globally in the past 2022, with a total investment and financing amount of $13.86 billion in the global HRTech field. Among them, by quarter, we can see that Q
Venture CapitalFidelity Investments Acquires Shoobx, Bolstering Commitment to Equity Plan Capabilities for Private Companies
BOSTON, January 10, 2023 — Fidelity Investments announced it is furthering its commitment to the private market with the acquisition of Shoobx , a leading provider of automated equity management operations and financing software for private
Company NewsAmazon CEO Andy Jassy Confirms to Lay off 18,000 Employees
E-commerce giant Amazon has announced that they will lay off about 18,000 employees, due to the impact of the pandemic. The message below was shared with Amazon employees today. As I shared back in November, as part of our annual planning p
Company NewsHiring Momentum Continues for Q1, Though Signs of Softening Begin
Employers still face a global talent shortage; the Information Technology sector leads the way in Q1 2023 hiring While the impact of a potential recession and rising inflation dampen the hiring Outlook quarter-over-quarter and year-over-yea
Venture CapitalBeamery Raises $50 Million in Series D Funding to Help Businesses Make More Agile and Effective Decisions on Talent
Beamery reaches unicorn valuation ($1B+) with huge demand from enterprises for more agile talent and workforce solutions to respond to an uncertain and turbulent environment LONDON , Dec. 13, 2022 -- Beamery , the leader in talent lifecyc
ESGTriNet Releases 2022 Environmental, Social and Governance Report
DUBLIN, Calif. , Nov. 3, 2022 TriNet (NYSE: TNET), a leading provider of comprehensive human resource solutions for small and medium-size businesses (SMBs), today announced the release of its 2022 TriNet Environmental, Social and Gover
EarningsPaylocity Announces First Quarter Fiscal Year 2023 Financial Results
Q 1 2023 Recurring & Other Revenue of $245.4 million, up 36% year-over-year Q 1 2023 Total Revenue of $253.3 million, up 39% year-over-year SCHAUMBURG, Ill., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation
Product NewsGlobal Employment Outlook for Q4 Remains Strong Amid Cooling in Hiring
Despite concerns of a recession, employers globally are poised to continue hiring much needed talent reporting a Net Employment Outlook of +30%. Optimism is strongest among organizations in Brazil (+56%) and India (+54%); weakest in Hu
Company NewsWorkday Announces Fiscal 2023 Second Quarter Financial Results
Fiscal Second Quarter Total Revenues of $1.54 Billion , Up 21.9% Year Over Year Subscription Revenues of $1.37 Billion , Up 22.8% Year Over Year 24-Month Subscription Revenue Backlog of $8.37 Billion , Up 21.7% Year Over Year Total Subsc
Company NewsFiverr Announces Second Quarter 2022 Results
Q2 Results demonstrated solid Adjusted EBITDA. Revenue grew 13% y/y to $85 million as SMB spending grew more cautious. We delivered solid Adjusted EBITDA of $4.6 million, or 5.4% in Adjusted EBITDA margin, as a result of strong execution a
Product NewsHuman Capital Management (HCM) Solutions Market to observe USD 12.16 Bn growth | 34% growth to originate from North America
NEW YORK , May 25, 2022 /PRNewswire/ -- The global human capital management solutions market size is expected to increase by USD 12.16 billion between 2020 and 2025. The market observed a YOY growth of 9.52% in 2021 and the growth mom
Workday Announces Fiscal 2023 First Quarter Financial Results
Fiscal First Quarter Total Revenues of $1.43 Billion , Up 22.1% Year Over Year Subscription Revenues of $1.27 Billion , Up 23.2% Year Over Year 24-Month Subscription Revenue Backlog of $7.97 Billion , Up 20.9% Year Over Year Total Subscr
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