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HomeStaffing HiringWorkstream, Remofirst, TaTiO, Wonolo, Microsoft

Workstream, Remofirst, TaTiO, Wonolo, Microsoft

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October 18, 2022

Employer-of-record suppliers Workstream and Remofirst introduced funding rounds as did Tatio, a agency that charges potential workers utilizing job expertise simulations. As well as, staffing platform Wonolo introduced a managed companies program, and Microsoft introduced layoffs.

Workstream

Workstream, a platform centered on hiring of hourly employees who don’t work at desks, final month introduced a $60 million Sequence B funding spherical, bringing whole funding on the agency to $108 million.

Hans Tung, managing companion of GGV Capital, led the spherical.

Workstream allows hiring firms to publish to 25,000 job boards and have interaction with candidates by way of two-way textual content messaging. It additionally allows customers to get 30-second video intros from candidates and scheduling of candidate interviews, amongst different issues.

“Workstream has seen large momentum within the final yr,” Tung stated. “We’re excited to see Workstream proceed to broaden into new verticals, specifically the retail sector, which was profoundly impacted by Covid.”

The San Francisco-based firm beforehand introduced a $48 million funding spherical in August 2021.

Remofirst

Employer-of-record companies supplier Remofirst final month introduced a $14.1 million seed funding spherical co-led by Mouro Capital and QED Traders with participation from Counterpart Ventures, in line with a publish by co-founder and CEO Nursayl Serik.

Remofirst was launched in 2021 by Volodymyr Fedoriv and Serik with the intention of constructing EOR inexpensive.

“Earlier than Remofirst, Volodymyr and I each based a number of remote-first firms and felt that certainly one of our largest challenges was hiring individuals around the globe in a compliant manner,” Serik wrote. “We knew it was extra inexpensive to be remote-first, however we didn’t know why world payroll was so troublesome with legacy options. This motivated us to sort out the trade and construct one thing that we may use ourselves.”

TaTiO

Tatio, an organization that places candidates by job expertise simulations after which gives a possible employer with a job-specific prediction rating, introduced a $5.3 million seed funding spherical.

It was led by Mensch Capital Companions and Cresson Administration.

“On common, an employer will obtain 250 purposes for every job place, whereas the typical time spent taking a look at a résumé is a mere 5 to seven seconds,” Tatio CEO Maya Hubert stated. “There may be an ever-growing want for firms to seek out vetted, certified workers. Whereas the present methodology of job hiring is outdated, ineffective and infrequently biased. With Tatio, we’ve created a brand new option to rent — as an alternative of vetting individuals out, we vet them in.”

Hubert based the corporate with Mor Panfil.

Wonolo

Wonolo, a web based staffing platform, launched a managed companies program to help companies in managing job postings.

With the platform, Wonolo’s managed companies help crew will handle job postings and administrative work primarily based on enterprise wants, course and suggestions. Enterprise may even be capable of create a listing of most popular employees to ask again for future jobs.

Microsoft layoffs

Microsoft Corp. introduced layoffs throughout a number of divisions on Monday, in line with media studies, becoming a member of many different tech companies which have reduce workers within the unsettled economic system.

Microsoft declined to say what number of jobs had been reduce, however a supply advised Axios that the layoffs numbered below 1,000.

“Like all firms, we consider our enterprise priorities frequently, and make structural changes accordingly. We are going to proceed to put money into our enterprise and rent in key development areas within the yr forward,” the tech big stated in a press release to Axios.

The transfer is yet one more instance of huge tech firms reducing jobs after earlier transferring to sluggish or freeze hiring because the broader economic system cools, Axios reported. Almost all the most important tech companies have slowed headcount development, with many freezing all however important hires. A variety of firms have already moved to chop jobs, together with Snap and Flipboard.

Microsoft has not stated how many individuals had been laid off, nor which departments had been impacted. Nonetheless, The Washington Publish reported layoffs affected the wargame simulation division and the Xbox gaming division.

Microsoft had 221,000 workers as of June 30, a rise of 40,000 individuals or 22% from the identical level the prior yr, GeekWire reported. It was the most important annual improve in employment in Microsoft’s historical past, primarily based on knowledge tracked by GeekWire.

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