Curated Intel from the Talent Tech Industry
June 13-19, 2022:
• Adding search to finding work: Adzuna acquires NA-focused job search engine GetWork;
• Walking the talk with culture: Conversational AI CEO urges peers to build diverse teams;
• Taking it on the chin at tech companies: Late-stage startups get hit hard with layoffs;
• Moving beyond the funnel: SmartRecruiters’ new solution aims to redefine onboarding;
• Losing the race for technical excellence: Coursera sees decline in US tech and data science skills.
• Don’t miss out on the speaking and sponsorship opportunities at TAtech’s in-person Leadership Summits coming up this fall on “Technology & the Candidate Experience,” “Applications of Recruiting AI for Enterprise Employers” and “Recruitment Marketing.” Designed for corporate and industry thought leaders, they are unique forums for senior level information exchange, learning and networking.
Adzuna acquires job search engine Getwork
Adzuna, the smarter job search engine, is pleased to announce the acquisition of leading US enterprise job search engine Getwork. The Getwork team, led by President Brad Squibb, will work alongside the 100-person strong Adzuna business, bringing together decades of job search expertise and accelerating Adzuna's growth in North America. The acquisition will combine the quality reputation and enterprise-focus of Getwork with the international reach and programmatic/tech expertise of Adzuna, creating a better option for jobseekers globally. Getwork connects jobseekers with job openings at some of North America's most exciting companies, indexing millions of verified jobs every day directly from tens of thousands of employer career sites, including over 50 Fortune 100 companies. Spun out of Minneapolis-based job market data company LinkUp a year ago, the business has been connecting jobseekers with employers for over 20 years.
AI start-up CEO encourages fellow founders to make culture their secret ingredient
The co-founder of a fast-growing conversational AI start-up attributes its ongoing success to the commitment to building a diverse and trusting company culture almost as much as to the quality of the technology it is offering. Andrei Papancea is CEO of conversational AI specialist NLX, which has expanded from five to 25 staff in a little over a year. The small team is geographically spread across the world, from New York to Seattle to Queensland, and Berlin, and speaks 19 different languages, including Arabic, Mandarin, Korean and Spanish. Andrei says that his mission is to combine the best of AI with the best of human support to create extraordinary, memorable self-service experiences for users by building the world’s go-to platform to create human conversational AI applications. “In all the jobs I had throughout my career, I always disliked it when good people – my colleagues, my peers, and my friends – quit. They always left for one of three reasons: they weren’t paid well, they didn’t feel heard or respected, or they didn’t have interesting and engaging work to do. In building NLX, I’ve done the best I can to avoid losing good people because of these three reasons,” explains Andrei.
Tech Layoffs Analysis: Late-Stage Startups Are Hit Hardest
In the brutal sweep of layoffs hitting U.S.-based tech companies this year, late-stage startups have fared the worst, according to a Crunchbase News analysis of aggregated layoff data. So far this year, more than 21,000 employees of U.S. tech companies have been laid off, a Crunchbase News tally shows. Both public and private tech companies have issued layoffs, from streaming behemoths like Netflix to high-flying startups like Bolt. Just this week, cryptocurrency exchange Coinbase said that it will lay off 18% of its workforce, or around 1,100 people, only a year or so after going public. But according to our analysis, it’s been late-stage venture-backed companies that have undergone layoffs most frequently this year. Fifty-three private companies—or more than half of the tech companies on Crunchbase News’ tech layoffs tracker—that have conducted mass layoffs this year have raised Series C or later funding.
SmartRecruiters’ New Solution Aims to Redefine Onboarding
SmartRecruiters launched a new product, SmartOnboard, that it said will provide new hires with “a seamless onboarding experience.” The native solution allows HR departments to reduce the time needed to offer a “simple, tailored” onboarding experience. SmartOnboard will deliver a “compelling” new experience, standardized and automated onboarding activities, and improved compliance measures and cost savings, SmartRecruiters said. “Organizations with a standard onboarding process experience greater new-hire productivity and an increase in talent retention, yet very few companies can report that they’ve got it right,” said Jerome Ternynck, SmartRecruiters founder and CEO “Research shows that nearly two-thirds of employees stay with a company for three or more years if they experience great onboarding. SmartRecruiters said it “listened to our customer’s needs” before setting out to create a product that truly streamlines the onboarding process for both hiring managers and new employees.”
Coursera Global Skills Report 2022 Reveals Decline in U.S. Technology and Data Science Skills
The acceleration of digital transformation, inflation, and global instability are driving increased demand for digital and human skills needed to thrive in the new economy, according to Coursera’s latest Global Skills Report. The report shows U.S. proficiency in technology and data science skills are declining and lag behind countries in Asia-Pacific, Europe, and the Middle East. However, U.S. learners showed higher proficiency in essential business skills including marketing, leadership and management, and strategy and operations. “The Great Resignation and automation are mandating stronger investments in human capital, as institutions must prioritize developing the high-demand digital and human skills required to build a competitive and equitable workforce” The Global Skills Report draws data from 100 million learners in more than 100 countries who have used Coursera to develop a new skill during the past year. The report benchmarks three of the most in-demand skill areas driving employment in the digital economy - business, technology, and data science. For the first time, this year’s report also highlights changes in ranking for each country, and state-specific data for the U.S. and India, where regional variations are notable.
3 Opportunities to Establish Yourself & Your Company as Thought Leaders
Don’t miss out on the speaking and sponsorship opportunities at TAtech’s in-person Leadership Summits coming up this fall on “Technology & the Candidate Experience,” “Applications of Recruiting AI for Enterprise Employers” and “Recruitment Marketing.” Designed for corporate and industry thought leaders, they are unique forums for senior level information exchange, learning and networking. Contact TAtech CEO Peter Weddle right away if you’re interested. Program speaking slots and sponsorships are going fast.