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Agora lowers GoldenLine valuation yet again
aimgroup.com

Polish media company Agora has lowered the valuation of its recruitment site GoldenLine.pl for the second year in a row. The company said the impact of this valuation write-down would be about PLN 6.5 million ($1.7 million U.S.) in Q4 of FY2019.

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HR startup JobSync names David Bernstein as VP
aimgroup.com

JobSync, a recruitment startup that allows job seekers to fill out applications on the website of their choice, has named David Bernstein as VP of partnerships and industry relations.

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Cloud-computing non-profit creates free job board
aimgroup.com

A non-profit tech group has launched a job board to connect employers and workers in the quickly growing field of cloud computing.

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Sabbar.com raises $1.5M in seed round
aimgroup.com

Saudi Arabia-based job board Sabbar.com has secured $1.5 million U.S. in a seed round led by Dubai-based early-stage investment platform VentureSouq.

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Job app MeetFrank bags $1.7 million U.S.
aimgroup.com

Estonian job matching app MeetFrank.com has raised €1.5 million ($1.7 million U.S.) in an investment round led by Karma.vc, Enern VC, Change Ventures, and Hummingbird.

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Avedon sells off Olympia in buy-back deal
aimgroup.com

Amsterdam-based Avedon Capital Partners has sold off Dutch human resources and jobs company Olympia via a management buy-back supported by Morgan Stanley.

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Sarah Tucker leaves Foxtel for LinkedIn
aimgroup.com

LinkedIn has hired Sarah Tucker as head of marketing for its Enterprise Marketing Solutions division for the Asia-Pacific Region (APAC).

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Growth in Chinese recruitment slows to crawl
aimgroup.com

According to Analysys’ methodology, Q3 2019 was the fourth consecutive quarter of declining market value for online job boards, as the nation’s economic slowdown and U.S. trade war ramifications have cut demand for low income positions. The most recent quarter saw the market grow by just 0.1%, down from over 31% in Q3 2018, and […]

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Directly Apply launches targeted candidate service
aimgroup.com

DirectlyApply, a recruitment search engine that delivers jobs that candidates can directly apply to has launched a small, targeted job site to generate recruitment traffic.

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Peter Harrison named chairman of the board at Pandologic
aimgroup.com

PandoLogic, a company specializing in programmatic recruitment advertising, has named Peter Harrison (LinkedIn profile), founder and general partner at Sanderhill Capital, as independent board member and chairman. 

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WebAn closure results in loss for Persol Holdings
aimgroup.com

Japanese recruitment business Persol Holdings Limited broke its profit streak in the first half of the fiscal year, which ended Sept. 30. This was mainly due to its choice to discontinue part-time job board WebAn.

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Interworks reports losses for first time in five years
aimgroup.com

Japanese recruitment firm Interworks Inc. reported an operating loss of Y24.8 million ($228,000 U.S.) in the first half of the year. This marks the first loss for the company in the past five years. The company attributed the downturn to contraction in the manufacturing industry, its main source of business.

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German LinkedIn competitor New Work posts solid growth
aimgroup.com

Hamburg-based business and career network New Work SE (formerly known as Xing SE) today posted solid sales figures for the first nine months of the year despite the economic slowdown in Germany, Europe’s largest economy.

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Alma Media acquires remaining shares in Kolektiv
aimgroup.com

Alma Media has increased its ownership in recruitment company Kolektive.ba from 30 percent to 100 percent by acquiring shares held by founders, for an undisclosed amount.

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