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The HRTech Wire →This week's briefing →Submit newsPublish a sponsored article — $300When AI Does the Work, Who Manages the Worker?
From banking agents to skills acquisitions, today's deals force a question HR hasn't fully answered yet.
Magentic raises $18M to build the AI workforce for the physical world
Magentic has raised an $18M Series A led by Felicis, with Sequoia Capital and The Westly Group participating. Its multi-agent digital workers manage procurement workflows end to end. Customers report 2–5% savings, 60% better data quality, and $4M found at one company.
New Survey from Legion Technologies Finds Workforce Technology Is Improving Employee Flexibility and Operational Efficiency
Legion Technologies has released its 2026 State of the North American Hourly Workforce report, surveying hourly employees and managers across 11 industries. The headline finding, according to the company, is that modern workforce management (WFM) technology is enabling organizations to deliver greater schedule flexibility to workers while simultaneously improving operational efficiency — a pairing long assumed to involve painful trade-offs.
Phenom Named a 2026 Top HR Product of the Year by HR Executive
Phenom has been named a 2026 Top HR Product of the Year by HR Executive magazine, according to a September 15 announcement. The specific product or feature behind the designation was not disclosed in the announcement.
Workday has a new CMO
Workday has named Sarah Kennedy Ellis as Chief Marketing Officer, effective October 5, 2026. She will report directly to co-founder and CEO Aneel Bhusri and take ownership of global marketing, communications, and brand strategy, with a stated mandate to advance Workday's AI-era growth story.
Talent Acquisition TechnologyAgentic AI adoption outpacing governance: report - hcamag.com
A new report cited by HCAMag finds that enterprise adoption of agentic AI is outpacing the governance frameworks organizations have in place to manage it — a gap with significant implications for HR leaders rolling out autonomous AI tools in hiring and people operations.
Venture CapitalMinneapolis Workforce Trust Platform Yardstik Raises $30M Series B, Bringing Total Funding to $65M
Yardstik raised $30M in Series B funding led by Harbert Growth Partners, bringing total funding to $65M. The Minneapolis HR tech company reported 149% YoY revenue growth, 98% account retention and 99.4% customer satisfaction as it expands c
Company NewsHireQuest Q2 Profitability Surges as Staffing Market Shows Signs of Recovery
HireQuest reported Q2 2026 revenue of $8.1M, up 6.0% YoY. Excluding the MRINetwork divestiture, revenue grew 16.6% and system-wide sales rose 6.9%. Net income reached $2.7M, while Adjusted EBITDA increased to $4.6M. GOOSE CREEK, S.C.
Company NewsADP Reports $21.95 Billion in Fiscal 2026 Revenue as AI Adoption Accelerates Across HCM, Service, and Sales
ADP closed fiscal 2026 with broad-based growth across revenue, earnings, client retention, and AI-enabled product adoption. Full-year revenue increased 7% to $21.95 billion, while net earnings rose 8% to $4.41 billion. Adjusted EBIT reached
Product NewsPaylocity Launches Ignite AI Agents Across Payroll, Recruiting and Workforce Analytics
Paylocity launched Ignite AI, a platform-wide suite of AI agents for payroll, recruiting, time, workforce insights and data quality. A centralized Ignite AI Hub lets organizations control active agents, monitor adoption and measure producti
Workable Launches Employee Surveys, Bringing Engagement Feedback Directly into Its HRIS
Workable has launched Employee Surveys inside its Performance & Engagement suite. HR teams can run engagement, pulse and onboarding surveys, automate milestone-based check-ins, collect responses via email, Workable and Slack, and filter results by...
Shore Capital Acquires Denver-Based ThrivePass to Accelerate Employee Benefits Technology Growth
Shore Capital Partners has acquired Denver-based ThrivePass, an employee benefits technology platform serving employers, brokers and PEOs. Financial terms were not disclosed. ThrivePass supports lifestyle spending accounts, rewards, tuition reimbursement, COBRA administration and pre-tax...
Chuhai.tips Launches HR Services in China to Help Global Companies Connect with Trusted Local HR Service Providers
Chuhai.tips has introduced HR Services in China, a dedicated service entry point helping global companies connect with trusted China-based HR service providers across EOR, payroll, recruitment, employment compliance, benefits, HR outsourcing, and workforce operations....
Paychex Reaches $6.512B in FY2026 Revenue as Paycor Integration and WISE AI Engine Drive Momentum
Paychex reported FY2026 revenue of $6.512B, up 17%, with adjusted operating income rising 19% to $2.815B. Q4 revenue increased 12% to $1.606B, supported by Paycor integration and growth across Management Solutions, PEO, insurance, and...
Thrive Acquires Incentiv to Close the Compensation Data Gap for Private Equity
Thrive TRM has acquired Incentiv, an executive compensation data network built for private equity firms and portfolio companies. Incentiv provides real-time benchmarks across cash, equity and incentive structures for more than 500 PE-backed companies....
Madrid HR Tech Startup Orbio Raises $21 Million Series A to Reinvent Frontline Workforce Management with AI Agents
Orbio has raised $21M (£16M) in Series A funding led by Dawn Capital to automate hiring, onboarding, engagement, and retention for frontline workers. Customers include Yum! Brands, Adecco, Poke House, and AWWG. The company...
AI Hiring Platform Humanly Secures $25M Series B Led by SEEK Investments
Humanly has raised $25M in Series B funding led by SEEK Investments, with MassMutual Catalyst Fund joining as a new strategic investor and Drive Capital and Zeal Capital Partners providing follow-on capital. The AI hiring platform supports
Company NewsHiBob expands in Canada with AI-powered Bob platform for mid-sized business growth
HiBob has opened a new Toronto office, expanding its North American footprint and deepening its commitment to Canada. The company says demand is rising from fast-growing, mid-sized businesses seeking integrated HR, payroll, finance, headcou
ColumnADP Q3 Earnings: $5.9B Revenue Driven by AI and Client Funds Interest
ADP reported strong Q3 Fiscal 2026 results, with revenue increasing 7% to $5.9 billion and adjusted diluted EPS rising 10% to $3.37. The company also raised its full-year guidance, now expecting revenue growth of 6–7% and EPS growth of 10–1
HotNewsStarbucks Announces New Incentive Rewards Program to Create More Opportunities for Partners to Share in Success
Starbucks launched a new incentive rewards program for U.S. hourly partners. Baristas and shift supervisors can earn up to $1,200 annually via quarterly bonuses tied to store performance and customer experience. Expanded tipping and weekly
Venture CapitaleTip Acquires Shiny Solutions to Expand Its End-to-End Workforce Engagement Platform for Hospitality and Service Industry
eTip has acquired Shiny Solutions to expand beyond digital tipping into a broader workforce engagement platform for hospitality and service operators. The combined offering adds recruitment, scheduling, recognition, and AI insights as labor
Product NewsSan Francisco Identity Platform Persona Launches Candidate Verification to Combat Hiring Fraud
Identity platform provider Persona has launched a new Candidate Verification solution designed to help companies verify the real-world identity of job applicants during the hiring process. The product integrates directly with leading applic
Venture CapitalChicago-based Yourco Raises $6M Series A and Launches AI-Powered Frontline Intelligence Platform
Chicago-based workforce communication platform Yourco has launched Frontline Intelligence , an AI-powered capability designed to transform everyday frontline employee communication into real-time operational insights. Built on the company’
Company NewsWorkhuman Reaches 8 Million Users Worldwide
Workhuman ’s employee recognition platform now supports 8M users across 180+ countries and has facilitated 100M+ recognition moments . With a “thank you” sent every 2 seconds , the platform powers a $1B global rewards marketplace and shows
Venture CapitalPerceptyx Acquires Lyceum AI to Unite Employee Experience and AI Learning Platforms
Perceptyx , a leading AI-driven employee experience (EX) platform trusted by more than 30% of Fortune 100 companies, has acquired AI-native learning platform Lyceum AI to bridge the longstanding gap between employee insights and workforce c
Company NewsDailyPay Upsizes Secured Credit Facility to $960 Million
DailyPay announced a $200 million upsizing of its secured credit facility, increasing total committed capacity to $960 million and pushing its total debt financing backed by On-Demand Pay receivables above $1 billion. The expanded facility
Venture CapitalSan Francisco-based Ando Raises $4M Seed to Modernize Hourly Work
San Francisco-based Ando has raised $4 million in seed financing to build what it describes as the world’s first AI infrastructure for the global hourly workforce. The round was led by Slow Ventures, with participation from Blitzscaling Ven
Venture CapitalNew York–based Healthcare AI Recruiting Startup Take2 Raises $14M Series A to Automate Hiring
New York–based Take2 has raised $14 million in Series A funding to modernize healthcare recruiting with autonomous AI agents that fully execute, rather than merely assist, hiring workflows. The round was led by Human Capital , with partici
Company NewsHorizons Becomes Remote People, Shifting from EOR to End-to-End Global Employment
Horizons, a global Employer of Record provider, has rebranded as Remote People to reflect its evolution into a full-lifecycle global hiring platform. Headquartered in New York, the company now supports recruitment, compliant employment, con
Company NewsADP Reports Q2 FY2026 Revenue of $5.4 Billion, Up 6% Year over Year
ADP Reports Second Quarter Fiscal 2026 Results •Revenues increased 6% compared to last year's second quarter to $5.4 billion; 5% organic constant currency •Net earnings increased 10% to $1.1 billion, and adjusted net earnings increased 10%
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