Sunday, June 23

Tag: Workforce

ActivTrak Raises $50 Million in Funding Led by Sapphire Ventures
FUNDING

ActivTrak Raises $50 Million in Funding Led by Sapphire Ventures

AUSTIN, Texas, 17th Nov. 2020-- ActivTrak, a workforce analytics and productivity management software raises $50 million in Series B funding. The funding will use to scale go-to-market activities in sales, marketing, and channels, and expand platform capabilities using AI-driven analytics to help companies better understand and optimize how digital work gets done. With this round, ActivTrak’s raises total $77.5 million in funding. “The move toward remote work has triggered companies to rethink how they measure and analyze employee productivity in today's digital workplace,” said Nino Marakovic, CEO and Managing Director at Sapphire Ventures, who will join ActivTrak’s board of directors. “We're excited to welcome ActivTrak to our portfolio, and to partner with CEO Rita Selvaggi a...
US announces USD 150 million for H1B One Workforce training program
USA

US announces USD 150 million for H1B One Workforce training program

Washington, Sep 25, 2020: The United States announced USD 150 million to invest in training for middle-to-high-skilled H-1B occupations in key sectors in the American economy. Prominent among these sectors are information technology, cyber security, advanced manufacturing, transportation, wherein the H-1B One Workforce grant programme would be used to upskill the present workforce and train a new generation of workers to grow the future workforce, the Department of Labor said. The coronavirus pandemic has not only caused disruptions in the labour market, but also forced many education and training providers and employers to rethink how to deliver training, the department said in a statement. In this grant program, the department's Employment and Training Administration has set ou...
imocha raises pre-series A funding of $600K
FUNDING

imocha raises pre-series A funding of $600K

PUNE, India, Aug. 26, 2020-- SaaS-based digital skills assessment startup Interview Mocha has secured $600,000 in pre-series A funding from a group of investors, including Freshworks CEO Girish Mathrubootham.Interview Mocha has remained bootstrapped since its founding in 2015 and has revenues of more than $2 million ARR. The startup was founded by former IBM executives Amit Mishra and Sujit Karpe. Other high-profile investors in the round include former Snapdeal CPO and Facebook Director Anand Chandrasekharan, and Vaibhav Domkundwar, CEO of Better Capital. Girish Mathrubootham, CEO of Freshworks, said, "Amit and Sujit have built a solid team, and a product that customers love. The company is already profitable and has a big addressable market." "Talent leaders of global companies...
Accenture Plan to Reduce 5% Workforce
News

Accenture Plan to Reduce 5% Workforce

New York, 26th Aug 2020: Thousands of roles at Accenture could be impacted as the global IT services company is looking to reduce at least 5 percent of its global workforce. Accenture has a global workforce of around 5.13 lakh people, in which about 2 lakh are from India. The workforce reduction might have an impact on its Indian operations. In a statement, Accenture said, "it was not planning extraordinary global workforce actions at this time but every year, as part of our performance process, we have conversations with our people about how they are performing, areas for improvement, their potential to progress, and whether they are a long term fit for Accenture." "This year, across all parts of our business and all career levels, we will identify approximately five percent of ...
Airbnb lay off nearly 1,900 employees, about 25% workforce
News

Airbnb lay off nearly 1,900 employees, about 25% workforce

Airbnb, an online marketplace for homestays said it has laid off near 1900 employees, about 25 percent of the workforce of the company. In a note sent to Airbnb employees, Airbnb Co-Founder and CEO Brian Chesky said, "Out of our 7,500 Airbnb employees, nearly 1,900 teammates will have to leave Airbnb, comprising around 25% of our company. Since we cannot afford to do everything that we used to, these cuts had to be mapped to a more focused business. " These decisions are not a reflection of the work from people on these teams, and it does not mean everyone on these teams will be leaving us. Additionally, teams across all of Airbnb will be impacted. Many teams will be reduced in size based on how well they map to where Airbnb is headed, he added. Due to the Covid19, global travel ...
Walmart to Hire 150,000 Workers as Virus spreads in US
News

Walmart to Hire 150,000 Workers as Virus spreads in US

Walmart plans to hire 150,000 people to meet increased demand during the coronavirus crisis and will pay out $365 million in bonuses, the US retail giant said. "These roles will be temporary at first, but many will convert to permanent roles over time," it said. The firm added it would pay $300 bonuses to full-time employees and $150 to those part-time. Walmart said Thursday it wanted to reward them "for their hard work and dedication to serving customers in a time of an unprecedented national health crisis." It also plans to speed up payment of the next quarterly bonus payments, which will take its payout to nearly $550 million. The hiring drive comes as travel restrictions and lockdown measures in various US states and cities to curb the spread of the virus have led people t...
Vice Media Lay off 10% Workforce
News

Vice Media Lay off 10% Workforce

Vice Media  plans to cut 250 jobs about 10 percent of its total workforce. When contacted by Pixr8 News, a Vice spokesperson confirmed the story but declined to comment further. This comes after a brutal couple of weeks in the media business, as companies began the year with major cuts. BuzzFeed is trimming its staff by 15 percent. Verizon Media Group (which owns TechCrunch) laid off 10 percent of its workforce. And traditional media wasn’t immune, with Gannett eliminating as many as 400 jobs. Alongside the broader industry issues, Vice has had a tumultuous year of its own. Reporting by The New York Times at the end of 2017 led to the departure of multiple executives. Nancy Dubuc, previously the chief executive at A+E Networks, re...
US-based Ness Digital Eyeing to Acquire two Firms in Cloud Space
ACQUISITION

US-based Ness Digital Eyeing to Acquire two Firms in Cloud Space

US-based Ness Digital Engineering which is a digital engineering services firm is in advanced talks to acquire two companies in the cloud space. Also, the firm is planning to hire 1000 people to its workforce over the next year. “We completed one acquisition in April… we are in discussion with two other potential partners in the cloud space and expand footprint in the US,” said chief executive of Ness Digital Engineering, Paul Lombordo. Prior to this, the company acquired Linium, focused in digital operations in the ServiceNow platform, earlier this year. The CEO also mentioned that there is a convergence of work involving infrastructure skills (like AWS, Azure, and Google) with SaaS platforms (think Salesforce.com and ServiceNow) in the digital economy. Also, their design expertise h...
Americans Constitute Now 50 Percent of the Wipro Workforce in US
USA

Americans Constitute Now 50 Percent of the Wipro Workforce in US

Americans now constitute 50 per cent of the Wipro workforce in the US, making it the first major Indian IT company to cross the benchmark that could help it get rid of some of the punitive provisions of Congressional legislations with regard to hiring foreign workers on H-1B visas. Over the past six months, Wipro hired over 1,600 employees by attracting and nurturing local talent to drive innovation and help transform clients businesses into digital enterprises, Wipro said in a statement. "Wipro has a steadfast commitment towards local communities where we are present. We will continue to build a strong local talent pool with diverse skill sets and make strategic investments in close proximity to our clients to serve them better," said Abidali Z Neemuchwala, Wipros chief executive Of...