The Shred is a weekly roundup of who’s raised funds, who’s been acquired and who’s on the move in the world of recruitment. The Shred is brought to you today by Jobcase.
[00:00:01] Hey boys and girls, it's Joel Cheeseman of the Chad & Cheese Podcast and this is the Shred for the 4th week of April 2024. The Shred is a weekly roundup of who's raised funds, who's been acquired and who's on the move in the world of recruitment.
[00:00:25] The Shred is brought to you today by Jobcase, the online community where workers of all kinds like hourly employees, trades people and healthcare technicians access jobs, make connections and support each other in every aspect of their work life.
[00:00:40] Jobcase has over 100 million workers on the platform so if you need to hire well you probably need to talk to Jobcase today. Learn more by going to Jobcase.com backslash hire. That again is Jobcase.com backslash hire.
[00:00:57] Out of the news in no particular order, San Fran based Rippling has secured 200 million in series F funding, valuing the company at $13.5 billion. This brings total funding to $1.4 billion. Additionally, agreements were made to repurchase 590 million in equity from employees and investors.
[00:01:27] In case you missed it, Rippling promises to bring every application you need to run your business from applicant tracking and payroll to IT and expenses in one place. Founded in 2016 the company employs 3,007 people. The EEOC has urged a federal judge to allow a lawsuit against Workday to proceed.
[00:01:55] The lawsuit alleges that Workday's AI powered software discriminates against job applicants based on race, age and disability. The EEOC argues that Workday's software performs similar functions as traditional employment agencies making it subject to anti-bias laws. Workday denies these claims stating that customers control their hiring processes, not Workday.
[00:02:22] The lawsuit seeks damages and could represent tens of thousands of people. This case brings attention to concerns about AI discrimination and hiring with the EEOC warning employers to prevent discriminatory impacts. The Berlin-based Langdok has secured $3 million in seed funding with participation from Y Combinator.
[00:02:47] The platform enables companies to utilize large language models while maintaining control over their own data. Employees can chat with your internal knowledge base, automate workflows and build custom assistance. Founded in 2023 the company employs 10 people. The FTC approved a rule banning non-compete agreements preventing companies from restricting
[00:03:12] employees from joining competitors. This targets a practice affecting 30 million workers aiming to boost job mobility and economic growth. Legal challenges are expected, I'm sure. Bethesda Maryland based Keep Company has secured $1.4 million in funding. This spring their total to $2.2 million.
[00:03:37] The startup partners with organizations to give employees, moms, dads and caregivers the tools to integrate the care of themselves, their families and their work through group coaching. The investment will fuel expansion and new product launches. Founded in 2022 the company employs 20 people.
[00:04:00] McLean Virginia based ShiftMed has acquired Irving Texas based Careerstaff Unlimited, a per DM and contract managed service provider from Genesis Healthcare. This acquisition aims to enhance ShiftMed's healthcare staffing services offering an end to end digital solution. The deal includes an exclusive agreement to serve Genesis Healthcare facilities and
[00:04:25] maintains Careerstaff's brand and teams. Founded in 1989, Careerstaff Unlimited employs 950 people while ShiftMed founded in 2019 employs 1,129 folks. London based startup Tangent has raised $1.1 million. The startup aims to connect job seekers from low socioeconomic backgrounds with tech
[00:04:54] employees for mentoring and referrals hoping to level the playing field for those referrals. Founded in 2022 Tangent employs 73 people. New York based Greenhouse has appointed Paul Tajum as its new CFO. He joins the popular ATS bringing over 20 years of finance experience including roles
[00:05:20] at Cognac's Corp and Levi Strauss & Company. Founded in 2012 Greenhouse currently employs 789 people. Guys all employee data is provided by our friends at LinkedIn. Be sure to tune into the weekly show for this and more news and commentary from the world of recruiting.
[00:05:42] As always big thanks to Jobcase for supporting the shred no matter the size of your company you can quickly find great workers in the Jobcase community whether you need one employee around the corner or you want to hire hundreds across the country Jobcase helps you find the right
[00:05:57] people and fast. Hit up Jobcase.com backslash higher today to learn more again that is Jobcase.com backslash higher. Cheers my note! Howdy y'all turd nuggets! You've got questions we've got answers. Business leadership, ownership and sales can be challenging.
[00:06:26] Tune into the Accelerate Your Business Growth podcast to learn from the world's experts. Join me, your host Diane Helbig as I chat with people who have expertise in various areas of business. You'll enjoy the lively conversations that are focused on providing you with the ideas,
[00:06:44] tips and suggestions you need to realize greater success. Like what you need for your business, when you need it from the people who have the answers. Accelerate Your Business Growth is part of the Evergreen Podcast Network and is available
[00:06:59] on Apple, Spotify or wherever you listen to your favorite podcasts.