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Microsoft Cuts 4,800 Roles as AI Reshapes Work, Commercial Delivery and Xbox Strategy
Company News

Microsoft Cuts 4,800 Roles as AI Reshapes Work, Commercial Delivery and Xbox Strategy

Microsoft is eliminating around 4,800 roles, representing about 2.1% of its global workforce, as the company accelerates a broader transformation of its business, operating model and workforce priorities. The changes primarily affect Microsoft’s Commercial...

Jul 6, 2026
Venture Capital

Philadelphia-based Phenom Acquires Be Applied to Scale Skills-First Hiring with Cognitive AI

Phenom acquires Be Applied to embed adaptive cognitive assessments into its AI hiring platform. Enterprises can now validate skills at scale, reduce mis-hires (costing 30%+ of salary), and support skills-first hiring as 63% of employers cit

Feb 10, 2026
Company News

New Josh Bersin Company Data Spotlight: CHROs Now Face Complex and Difficult Realities

New data from The Josh Bersin Company shows CHROs are facing rising pressures as AI reshapes work. CHRO tenure has dropped from 6 to 4.8 years, 70% are in their first-ever CHRO role, and only 12% rank among top-five earners. With CEOs deman

Dec 2, 2025
Company News

Upwork Reports Third Quarter 2025 Financial Results

Upwork posted record Q3 2025 results with revenue of $201.7M (+4% YoY), GAAP net income of $29.3M (+6% YoY), and an all-time-high adjusted EBITDA of $59.6M (30% margin). AI work on the marketplace accelerated—AI-related GSV rose 53% YoY whi

Nov 4, 2025
Venture Capital

ADP Acquires Pequity

ADP has acquired Pequity, a 2019-founded compensation management platform, in a move to enhance its global HR and payroll capabilities. Pequity’s AI-powered tools combine spreadsheet familiarity with enterprise-grade automation, offering bu

Oct 29, 2025
Company News

UKG, the Workforce Operating Platform, Launches Global Rebrand and Campaign, “When Work Works, Everything Works”

UKG has unveiled its global rebrand and new campaign, “When Work Works, Everything Works,” positioning itself as the world’s Workforce Operating Platform. The refreshed brand identity highlights UKG’s AI-powered HR, payroll, and workforce m

Oct 1, 2025
Company News

Upwork Inc. Introduces Lifted, a Subsidiary Serving Enterprises with Full Suite of Contingent Workforce Solutions

Upwork Inc. has launched Lifted, a wholly owned subsidiary designed to help enterprises manage the full spectrum of contingent workforce needs, including independent contractors, AOR, EOR, staff augmentation, and SOW engagements. Built on r

Aug 19, 2025
Company News

Upwork Reports Second Quarter 2025 Financial Results

Upwork reported strong Q2 2025 financial results, with record revenue of $194.9 million , GAAP net income of $32.7 million , and adjusted EBITDA of $57.1 million , marking a 17% profit margin and a record 29% EBITDA margin. The company rais

Aug 8, 2025
Product News

Workday Unveils Next Generation of Illuminate Agents to Transform HR and Finance Operations

Workday introduces new Illuminate Agents, a suite of advanced AI tools designed to revolutionize HR and financial operations. These agents automate key processes including contingent hiring, contract negotiations, accounting documentation,

May 19, 2025
Column

ServiceNow and UKG collaborate to supercharge employee productivity and efficiency with agentic AI

At Knowledge 2025, ServiceNow and UKG unveiled a groundbreaking partnership to integrate their AI platforms—ServiceNow's newly launched AI Agent Fabric and UKG's People Fabric—to transform HR, payroll, and workforce management. This strateg

May 6, 2025
Venture Capital

ServiceNow to boost CRM offering with acquisition of Logik.ai’s best-in-class, AI-powered CPQ solution

ServiceNow   has announced the acquisition of Logik.ai, a leader in AI-powered, composable Configure, Price, Quote (CPQ) solutions, to enhance its CRM and Sales and Order Management capabilities. The move aims to streamline complex sales wo

Apr 3, 2025
Venture Capital

ServiceNow to extend leading agentic AI to every employee for every corner of the business with acquisition of Moveworks

ServiceNow has signed a definitive agreement to acquire Moveworks, combining ServiceNow’s agentic AI and automation strengths with Moveworks’ front-end AI assistant and enterprise search capabilities. This move aims to deliver powerful AI-d

Mar 10, 2025
Company News

TriNet Reports $5.1 Billion FY 2024 Revenue with Strategic Growth Outlook

TriNet (NYSE: TNET), a leading provider of human capital management (HCM) solutions for SMBs, reported its Q4 2024 and full-year financial results. Revenue grew by 1% YoY to $1.3 billion for Q4 and $5.1 billion for FY 2024. Despite record w

Feb 13, 2025
Venture Capital

Agentic AI Startup Integrail Announces $10 Million in Seed Funding, New CEO to Drive Uptake of New Platform Enabling Any Business to Create AI Workers

Integrail , a San Francisco-based Agentic AI startup, has raised $10 million in seed funding and appointed Peter Guagenti as CEO to drive adoption of its AI-powered no-code platform. The AI Studio platform enables businesses to create and d

Feb 12, 2025
Venture Capital

ConverzAI Secures $16M Series A to Transform Recruitment with AI-Powered Virtual Recruiters

Seattle-based ConverzAI has raised a $16M Series A funding round led by Menlo Ventures , with participation from Left Lane Capital, Foundation Capital, and Afore Capital . The company specializes in AI-powered virtual recruiters , automatin

Feb 11, 2025
Venture Capital

ServiceNow accelerates agentic AI roadmap with acquisition of AI native conversation data analysis platform Cuein

ServiceNow  announced its acquisition of Cuein, an AI conversation data analysis leader, to enhance its platform's capabilities in transforming customer interactions into actionable insights. This move accelerates ServiceNow's agentic AI ro

Jan 17, 2025
Venture Capital

Cascade AI Secures $3.75 Million in Funding Led by Gradient

Cascade AI has secured a $3.75 million seed investment, led by Google’s Gradient, to expand its personalized AI HR assistant designed for employee-specific HR inquiries. The investment will help Cascade AI scale and enhance its platform, en

Oct 25, 2024
Earnings

ServiceNow Reports Q3 2024 Financial Results: 23% Subscription Revenue Growth, Total Revenue Reaches $2.797 Billion

ServiceNow exceeds guidance across all Q3 2024 topline growth and profitability metrics; raises 2024 subscription revenues guidance Subscription revenues of $2,715 million in Q3 2024, representing 23% year‑over‑year growth, 22.5% in constan

Oct 23, 2024
Venture Capital

ADP Acquires WorkForce Software

ADP , a leader in human capital management solutions, has announced its acquisition of WorkForce Software, a company specializing in workforce management for large global enterprises. This strategic move enhances ADP's global workforce mana

Oct 15, 2024
Venture Capital

Guild Announces Acquisition of Nomadic, a Leading Capability Academy; Introduces Guild Talent Advantage

Guild has announced its acquisition of   Nomadic Learning , a capability academy company, to launch Guild Academy, a product that integrates education, skilling, and AI-driven insights into a comprehensive platform. The new Guild Talent Adv

Oct 9, 2024
Product News

ServiceNow Releases New HR Innovations, Empowering Leaders to Fuel Employee and Business Growth

ServiceNow announced its latest HR innovations at the HR Technology Conference, aimed at enhancing employee communications and engagement. The new capabilities include improvements in Talent Development and Employee Journey Management, givi

Sep 25, 2024
Product News

Workday Launches Illuminate: The Next Generation of Workday AI

Workday Inc. has launched Illuminate, the next generation of its AI platform, designed to transform enterprise operations by leveraging the world's largest HR and finance dataset. Illuminate enhances decision-making, accelerates routine tas

Sep 17, 2024
Company News

Kelly Services Reports Strong Q2 Results Despite Revenue Dip from European Operations Sale

Kelly Services reported its second-quarter 2024 earnings, showing operating earnings of $12.2 million and adjusted earnings of $28.1 million, a 95% increase from the previous year. Despite a 13.1% decrease in revenue due to the sale of Euro

Aug 8, 2024
Product News

ServiceNow unveils new AI-powered capabilities to help improve employee experiences, supercharge talent development, and optimize in-person work

ServiceNow   announced new AI-powered enhancements at Knowledge 2024, aimed at improving talent development and optimizing workplace collaboration. These include integrating AI into learning experiences to better understand skills and suppo

May 10, 2024
Earnings

Kelly Services Inc (KELYA) Reports Q4 Earnings: Adjusted EBITDA Margin Expands Amidst Flat Revenue

Kelly Services Inc (KELYA) announced its Q4 financial results, highlighting stability with flat revenue at $1.2 billion and significant improvements in profitability. Operating earnings surged by 59% to $7.3 million, and net earnings showed

Feb 15, 2024
Company News

ADP appoints Thomas J. Lynch as the new Independent Board Chair

Carlos Rodriguez  to continue as member of ADP Board of Directors ROSELAND, N.J. ,  Jan. 10, 2024   ADP , a leading global technology company providing human capital management (HCM) solutions, announced today that its board of directors ap

Jan 10, 2024
Earnings

Kelly Reports Second-Quarter 2023 Earnings, Substantial Progress on Business Transformation

TROY, Mich., Aug. 10, 2023 -- Kelly (Nasdaq: KELYA, KELYB), a leading global specialty talent solutions provider, announced results for the second quarter of 2023. Peter Quigley, president and chief executive officer, announced revenue for

Aug 11, 2023
Venture Capital

Tandym Group Acquires AETEA Information Technology

NEW YORK ,  June 21, 2023 -- Tandym Group ("Tandym"), a national consulting, recruitment, and workforce solutions company, announced today that it has acquired AETEA Information Technology ("AETEA"), a technology staffing company. Terms of

Jun 21, 2023
Earnings

Kelly Reports First-Quarter 2023 Earnings

Q1 revenue down 2.2%; down 1.4% in constant currency; organic revenue nearly flat (down 0.5% in constant currency) Q1 gross profit down 1.7%; down 0.8% in constant currency; delivered continued improvement in GP rate, 20.0%, up 10 bps year-

May 12, 2023
Column

ADP Reports Second Quarter Fiscal 2023 Results

ADP Reports Second Quarter Fiscal 2023 Results •Revenues increased 9% compared to last year's second quarter to $4.4 billion; 10% organic constant currency •Net earnings increased 17% to $813 million, and adjusted net earnings increased 17%

Jan 26, 2023
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