👋 Happy Leap Day 2024! Have you spent the week wondering how the Oompa Loompa at the ill-fated Willy Wonka’s Chocolate Experience event in Glasgow found her job? We have too.

Luckily, a reporter at Vulture interviewed her to find out. “It was listed on Indeed,” the actress said. “I don’t normally get my acting jobs through Indeed, but I just thought, all right. To be honest, I was a wee bit skeptical, because it was not through an agency. They were offering £500 for two days of work, so I decided to go.”

Dream gig, maybe not. But these days, going viral can be a golden ticket in itself.

Questions? Comments? Let us know. We’d love to hear from you.

— Team RecruitmentMarketing.com ✨

Today’s edition is a 4-minute read. Here’s what to expect👇

🗞️ Workday acquires AI company
🧑‍💼 ZipRecruiter sees revenue decrease
💻 Layoffs at Bumble, Cisco, Vice
📋 TikTok, HubSpot, Chewy are hiring for TA roles

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This week, software giant WorkDay announced its plans to acquire HiredScore, an AI-powered talent solution that enables companies to use data-driven insights to improve recruiting and talent mobility processes.

What’s the big deal?
Well, the plan to acquire marks another example of how large firms are looking to expand their presence in workforce operations. We’ve seen this play out a lot in the past decade: In fact, a recent report by SIA noted almost half of the world’s largest software firms conduct some type of activity in the workforce ecosystem (ex. Microsoft’s acquisition of LinkedIn in 2016). This time, the move to acquire an AI company is especially notable, especially when it’s by a firm that ranks as the 16th-largest software firm by market capitalization. When Workday speaks, the industry listens.

Why spend the bucks on HiredScore?
With 150+ employees and clients like GM, Southwest Airlines, and Dell, HiredScore has long been known an attractive acquisition target in the industry. And while Workday already has an extensive network of workforce ecosystem companies in its portfolio, the company noted its desire to add AI solutions that deliver real business value for customers. “HiredScore is the perfect complement to our product portfolio,” Workday CEO Carl Eschenbach said.

Give me more deets!
Unfortunately, there aren’t many. The company briefly announced its intent to acquire HiredScore during its Q4 earnings call (where they also reported weaker-than-expected guidance for 2025, driving the stock down over 5% in after-hours trading). Following earnings, the company put out a press release about the acquisition, which they said is expected to close in the first quarter of Workday's fiscal year 2025. The deal is rumored to be in the hundreds of millions, according to CNET.

What does HiredScore have to say about it?
As you’d expect, they seem happy! “We’ve only just begun to see the opportunities of what is possible with responsible AI in the workforce, and how organizations can use it more efficiently and effectively to deliver on HR transformation goals related to recruiting and employee experiences,” said HiredScore Founder and CEO Athena Karp. “By combining our efforts and innovations with Workday, we’ll be able to deliver even more value to companies around the world as they look to build their future HR function.”

NUMBERS

Numbers That’ll Make You Think

• 20% — The growth in the share of recruiters on HR teams between 2018 and 2023 (Yahoo Finance)

• 35.4% — The decrease in fourth-quarter revenue in 2023 at ZipRecruiter, which released its earnings last week, citing “one of the slowest hiring markets in recent memory” (SIA)

• $41.6 million — The record-breaking price of a fine imposed on Dollar Tree for violating safety standards for operating a “rat-infested” warehouse (CNN)

• 3,000 — The number of employees Google can accommodate in its new 12-story New York City headquarters, opened this week (CNN)

• 70% — The percentage of Gen Z globally who say they are either currently freelancing or considering it in the future (SIA)

OPEN ROLES VIA TALENTCONNECT

Jobs You Might Want (For Yourself!)

• Youth organization YMCA of Greater New York is hiring a Director of Talent Acquisition in New York, NY

• Online pet retailer Chewy is hiring a Senior Recruiter in Dallas, TX

• Social platform TikTok is hiring a Talent Acquisition Partner in San Jose, CA

• Financial software provider Clearwater Analytics is hiring a Lead Recruiter in Boise, ID

• Nonprofit organization Girl Scouts of Connecticut is hiring a Recruitment Specialist in New Haven, CT

• Sales software platform HubSpot is hiring a Senior HR Business Partner based remote

  
  For a full list of open talent acquisition roles, check out TalentConnect, a job board for TA-lent, powered by RecruitmentMarketing.com

A MESSAGE FROM TRANSFORM

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P.S. Are you heading to transform? RecruitmentMarketing.com would love to meet with you while you’re there. Fill out this form here so we can meet up.

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LAYOFFS

Places For You To Source Fresh Talent

• Dating app Bumble on Tuesday announced plans to lay off about 350 employees, or about 30% of its workforce, days after announcing a series of leadership shake-ups (CNBC)

• Media company BuzzFeed pink-slipped 16% of its staffers in a restructuring effort that included the sale of Complex, its youth-culture media outlet it bought three years ago (Variety)

• Network giant Cisco Systems revealed plans to slash more than 700 Bay Area tech jobs (SiliconValley.com)

• Digital news platform Vice Media said it will off several hundred of its more than 900 employees over the next week (NYT)

• Electronics giant Sony announced it will be cutting 900 jobs, or 8%, of PlayStation’s global workforce (CNN)

• Travel technology company Expedia Group said cutbacks will impact 1,500 roles this year, more than 8% of its workforce (GeekWire)

INDUSTRY INSIGHTS

Before You Go … Other Things To Know

• HR tech platform Deel, now valued at over $12 billion, completed its acquisition of German performance management system Zavvy (Unleash)

• London-based virtual reality platform for employee training MOONHUB raised $1.4 million in funding (VentureBeat)

• Aviation giant Boeing announced Uma Amuluru as the company's new chief human resources officer, succeeding Michael D'Ambrose (PR Newswire)

• Guest contributor LaKeisha Fleming writes about best practices when it comes to using video in recruitment efforts (RecruitmentMarketing.com)

WEEKLY TRIVIA

Test Your TA Knowledge

DEALS

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• Access free trials for ZoomInfo, BreezyHR, Freshcaller, and Humi, available exclusively to subscribers this week

 👋 Thanks for reading!