Japanese recruitment firm DIP Corp. reported a 9.9% rise in net income to Y10 billion ($92 million U.S.) for fiscal year 2020, which ended Feb. 29. The company said the growth was due to ongoing investments in advertising and sales.
LinkedIn is offering free job postings for essential positions over the next three months, according to a company statement.
Oil industry staffing platform RigUp has laid off a quarter of its staff due to the Covid-19 crisis. The move came just months after the company finished a $300 million U.S. funding round.
ZipRecruiter on Friday laid off almost 500 employees, 39% of its total headcount, due to the sharp reduction in job postings and hiring during the new Coronavirus pandemic.
Matt Pietsch, chief revenue officer at AI and predictive analytics firm Engage Talent, thinks companies need to focus on modernizing talent acquisition.
East Africa-focused recruitment site Fuzu.com has secured a $3.8 million investment in a Series A funding round.
British on-demand staffing platform Rota has secured £3 million ($3.8 million U.S.) in a new funding round led by independent London-based investment firm Puffin Point.
“The biggest problem we have is getting accurate data. This factor has created a low-trust environment for employers.”
Collective Benefits, a new British recruitment start-up has closed on £3.3 million ($4.27 million U.S.) of seed funding.
German start-up WorkGenius has raised an additional $7 million U.S. in funding, taking the total raised by the company to around $20 million U.S.
Australia-based recruitment giant Seek posted strong revenue growth in the six months through December, despite weak economic conditions in almost all of the company’s key markets. However, profits slipped 24% to $75.6 million AUD ($49.8 million U.S.).
The Finish government has launched multi-agency recruitment site Jobs.workinfinland.fi. It aggregates job offers that don’t require Finnish skills, serving employers and job seekers alike.
A different type of recruitment site is beginning to come of age, due to a model that improves the outcomes for talent and employers by “flipping” the recruitment process.