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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300meQuilibrium Revolutionizes Employee Mental Well-Being and Productivity with Gen AI
meQuilibrium ( meQ ) has introduced a new AI-powered dashboard designed to support employee performance, engagement, and well-being by providing immediate, personalized interventions. Leveraging billions of unique cognitive and behavioral d
Company NewsTrueBlue 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
Company NewsPaylocity Announces Fourth Quarter and Full Fiscal Year 2024 Financial Results
Paylocity announced strong financial results for Q4 and FY 2024, with notable increases in revenue and profitability. Q4 2024 saw a 16% rise in total revenue to $357.3 million and a 15% rise in recurring revenue to $324.7 million. For FY 20
Company NewsInsperity Achieves 16% Gross Profit Growth in Q2 2024 Amid Economic Challenges
Insperity , Inc. reported strong financial results for Q2 2024, despite a slight decrease in the average number of worksite employees (WSEEs). Gross profit increased by 16% to $260 million due to strong pricing and lower benefits costs. Net
EarningsADP Reports Fourth Quarter and Fiscal 2024 Results; Provides Fiscal 2025 Outlook
ADP , a global leader in human capital management solutions, reported strong financial results for Q4 and fiscal 2024, with revenues increasing by 7% to $19.2 billion and net earnings rising by 10% to $3.8 billion. The company saw an 11% gr
Venture CapitalWorkJam Announces $20 Million Investment from Export Development Canada to Expand International Operations
WorkJam , a global leader in digital frontline workplace solutions, has secured a $20 million investment from Export Development Canada to accelerate its growth in the EMEA region. This funding will support WorkJam's efforts to equip hourly
Venture CapitalTezi raises $9M to launch Max: the first fully autonomous AI recruiter
Tezi.ai an innovative startup, has raised $9 million in seed funding, led by 8VC and Audacious Ventures, to advance its autonomous AI agent for recruitment, named Max. This AI agent is designed to streamline the end-to-end hiring process, i
EarningsDayforce Q2 2024: Strong Growth and Exciting Future with $500M Share Repurchase
Dayforce Inc ., a leader in human capital management technology, reported strong financial results for Q2 2024, with recurring revenue up 20% and total revenue up 16%. Operating cash flow increased by 16% year-to-date, leading to a $500 mil
Product NewsTalkpush Unveils Sam: The AI-Powered Voice Interviewer Transforming Recruitment
Talkpush has introduced Sam, an AI-powered voice interviewer that leverages generative AI, NLP, and machine learning to offer real-time, personalized interactions with job candidates. This innovative tool processes candidate profiles inst
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
Product NewsAya Healthcare Introduces LotusOne, a Complete Technology Platform to Manage External Labor and Optimize Employed Talent
Aya Healthcare , the largest healthcare talent software and staffing company in the U.S., has launched LotusOne, a comprehensive workforce optimization platform designed to enhance the management of external labor and the planning, sourcing
EarningsRobert Half Reports $68M Net Income in Q2 2024 Amid Macroeconomic Pressures
Robert Half Inc. reported its second-quarter financial results for 2024, revealing a net income of $68 million, or $0.66 per share, on revenues of $1.473 billion. This reflects a decrease from the same period in 2023, which saw a net income
Company NewsSalesforce and Workday Form Strategic Partnership, Unveil New AI Employee Service Agent
Salesforce and Workday have announced a strategic partnership to develop an AI-powered employee service agent that enhances productivity, lowers costs, and improves employee experiences. By integrating Salesforce's CRM data with Workday's H
EarningsManpowerGroup Q2 2024: Navigating Challenges, Showcasing Resilience with $4.5B in Revenues
ManpowerGroup reported its Q2 2024 results, revealing a 7% year-over-year decline in revenues to $4.5 billion, affected by a challenging environment in North America and Europe, yet solid demand in Latin America and the Asia-Pacific. The co
Venture CapitalOpportunity@Work Receives $20 Million from MacKenzie Scott
Opportunity@Work , a national nonprofit dedicated to economic mobility, received a transformative $20 million grant from MacKenzie Scott's Yield Giving. This funding supports Opportunity@Work's mission to boost annual earnings by $20 billio
Product NewsMyDay™: The Future of Transparent Global Payroll Management by Safeguard Global Pay
Safeguard Global Pay has unveiled MyDay ™, a groundbreaking platform designed to revolutionize global payroll management. This innovative solution aims to eliminate the traditional 'black box' approach to payroll, offering a transparent and
Company NewsAlight's $1.2 Billion Sale of Payroll and Professional Services Business to H.I.G. Capital: Introducing Strada
Alight , Inc. (NYSE: ALIT), a leading human capital technology and services provider, has completed the sale of its Professional Services and Payroll & HCM Outsourcing businesses to H.I.G. Capital for up to $1.2 billion. The newly independe
Venture CapitalBenchmark Analytics® Announces Strategic Growth Investment from PSG Equity
Benchmark Analytics , a leading SaaS-based analytics platform focused on improving law enforcement personnel management and officer wellness, has received a strategic growth investment from PSG Equity. This partnership aims to enhance and e
Product NewsLattice to Become the First Company to Introduce Digital Worker Employee Records
Lattice has made a groundbreaking announcement as the first company to introduce official employee records for digital workers. Recognizing the profound impact of AI on the global workforce, Lattice aims to ensure transparent and accountabl
Venture CapitalChime Financial's $173 Million Acquisition of Salt Labs: A Step Towards IPO Ambitions
Chime Financial has acquired Salt Labs to enhance financial progress for everyday Americans. Both companies aim to empower employees by leveraging the Chime platform. Jason Lee, CEO of Salt Labs, will lead the new Chime Enterprise unit to d
Product NewsA.Team Launches "Team Formation AI" to Hire Specialized Tech Talent in Minutes -- Not Months
A.Team has introduced Team Formation AI, a generative AI platform that allows corporate leaders to quickly assemble elite tech teams from a network of over 11,000 vetted product builders. Designed to streamline hiring and supercharge innova
EarningsPaychex, Inc. Reports Fourth Quarter and Full Year 2024 Results
Solid Total Revenue Growth and Operating Margin Expansion Full Year 2024 Diluted EPS Growth of 9%; Adjusted Diluted EPS (1) Growth of 11% Issues Fiscal 2025 Business Outlook ROCHESTER, N.Y.--( BUSINESS WIRE )--Paychex, Inc. (the "Company,"
Venture CapitalTechWolf Raises $42.75M to Revolutionize AI-Driven Talent Management
TechWolf , a Belgian AI company, has raised $42.75 million in a Series B funding round led by Felix Capital, with participation from notable investors such as SAP, ServiceNow Ventures, and Workday Ventures. Founded in 2018 by Andreas De Nev
Product NewsGreenhouse and Pave Launch Offer Insights, Unlock Real-time Talent Data With New Integration
Greenhouse, a leading hiring platform, has partnered with Pave, a top compensation management platform, to introduce Offer Insights. This integration delivers real-time data from over 1 million job offers, enabling talent and compensation l
Product NewsCulture Amp Introduces People Analytics
Culture Amp , a leader in employee experience platforms, announces the launch of its new People Analytics product, available from June 30, 2024. This innovative solution, following the acquisition of Orgnostic, integrates with Culture Amp's
Venture CapitalRecruitment Smart Wins £2M to Transform Middle East Talent Acquisition with AI
Recruitment Smart , a leader in AI-driven talent acquisition, has secured £2 million in funding to expand its operations in the Middle East and enhance its innovative solutions. The investment, backed by Black Finch Ventures, Aran Ventures,
Product NewsPIXO Unveils Reality Intelligence (RI)™ Offering Designed to Make VR a Winning Reality
PIXO VR has launched Reality Intelligence™ (RI), a new initiative aimed at revolutionizing XR training. Focused on Value Added Resellers, RI offers unmatched flexibility, customization, and management ease for VR training portfolios. As t
EarningsKorn Ferry Announces Fourth Quarter and Full Year FY'24 Results of Operations
Korn Ferry reported its Q4 FY'24 fee revenue at $690.8 million, a 5% decrease from the previous year, and full-year revenue of $2.76 billion, down 3%. Despite the revenue decline, the company saw improved profitability with Q4 net income of
Venture CapitalAI-Driven Training Platform Learn to Win Raises $30M to Scale Defense and Commercial Operations
Learn to Win , an enterprise SaaS training platform specializing in personalized, predictive, and secure training software, has successfully closed a $30 million Series A funding round led by the Westly Group, with participation from Norwes
Venture CapitalClearCompany Acquires Brainier Solutions, Inc., an Industry Leader in Customizable Learning Management Solutions
ClearCompany, a leading talent management platform, has announced the acquisition of Brainier Solutions Inc., a pioneer in cloud-based learning management systems. This strategic move underscores ClearCompany’s commitment to integrating lea
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